The determination and distribution schedule for the consolidation of Petoskey (80% interest) and Sable reads in part: 
Prepare the elimination entries to distribute and amortize the excess purchase cost on
a. 1/1/X1, the date of acquisition
b. 12/31/X1, the end of the first year following the acquisition
c. 12/31/X3, the end of the third year following the acquisition.
Definitions:
Share Split
A business move where a company splits its current shares into additional ones to increase the shares' marketability.
Share Price
The current market price of a single share of a company's stock.
Reverse Stock Split
A corporate action in which a company decreases the number of its outstanding shares to increase the share price without changing the company's market capitalization.
Market Value
The ongoing cost at which a service or asset is being exchanged in the market.
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