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Flintstone Inc. acquired all of Rubble Co. on January 1, 2021. Flintstone decided to use the initial value method to account for this investment. During 2021, Flintstone sold to Rubble for $600,000 inventory with a cost of $500,000. At the end of the year 30% of the goods were still in Rubble's inventory.Required:Prepare Consolidation Entry TI for the intra-entity transfer and Consolidation Entry G for the ending inventory adjustment necessary for the consolidation worksheet at December 31, 2021.
Team Functioning
This involves the processes and mechanisms by which a group of individuals work together effectively to achieve a common goal.
Shared Mental Models
Team members share identical information about how they should interact and what their task is.
Collective Efficacy
The shared belief in the ability of a group to achieve common objectives and influence events in their lives.
Group Cohesiveness
The strength of the relationships linking members of a group, affecting its performance and member satisfaction.
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