Dithers Inc

question 54

Essay

Dithers Inc.acquired all of the common stock of Bumstead Corp.on January 1, 2018.During 2018, Bumstead sold land to Dithers at a gain.No consolidation entry for the sale of the land was made at the end of 2018.What errors will this omission cause in the consolidated financial statements?

---

Definitions:

Solidarity Theory

Suggests that social movements are social organizations that emerge when potential members can mobilize resources, take advantage of new political opportunities, and avoid high levels of social control by authorities.

Resource Mobilization

Resource mobilization is the process of gathering the necessary resources, such as funds, volunteers, and information, for a group or movement to achieve its goals.

Breakdown Theory

A sociological theory that explains social movements as the collective response of individuals to structural weakness, disruption, or strain in society.

Resource Mobilization Theory

A theory in social movements suggesting that the success of social movements depends on their ability to gather resources, such as time, money, and organizational skills.