Lisa Co Paid Cash for All of the Voting Common Stock

question 33

Multiple Choice

Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporation. Entries for the consolidation of Lisa and Victoria would be recorded in

• A) A worksheet.
• B) Lisa's general journal.
• C) Victoria's general journal.
• D) Victoria's secret consolidation journal.
• E) The general journals of both companies.

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Definitions:

Standard Deviation

An indicator of the degree of spread or variability among a set of figures, showing how much the values differ from the average.

Mean Test Score

The average score obtained from a group of tests or examinations.

Test Score

The numerical outcome or result obtained from an academic test or examination.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.