Wheat Corporation pays $524,000 to acquire 44% (100,000 shares) of the common stock of Grain Investments, Inc. on January 5, 2024. Wheat Corporation sells 11,000 shares for $48,000 on January 6, 2024. Which of the following is the correct journal entry for the transaction on January 6, 2024? O Cash 57,640 57,640 Equity Investments-Grain Investments, Inc. O Cash Loss on Disposal Equity Investments-Grain Investments, Inc. O Equity Investments-Grain Investments, Inc. Cash O Equity Investments-Grain Investments, Inc. Cash Loss on Disposal 48,000 9,640 57,640 57,640 57,640 57,640 48,000 9,640

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.