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Yoderly Co., a wholly owned subsidiary of Nelson Corp., sold goods to Nelson near the end of 2018.The goods had cost Yoderly $105,000 and the selling price was $140,000.Nelson had not sold any of the goods by the end of the year.
Required:
Prepare Consolidation Entry TI and Consolidation Entry G that are required for 2018.
Émile Durkheim
A founding figure in sociology known for his work on social cohesion, collective conscience, and the study of social facts as phenomena external to individuals.
Collective Conscience
A set of shared beliefs, ideas, and moral attitudes which operate as a unifying force within society.
Mechanical Solidarity
A form of social cohesion in traditional societies where unity comes from individuals performing similar tasks and sharing values, traditions, and beliefs.
Organic Solidarity
A concept introduced by Émile Durkheim, denoting a type of social cohesion that arises when people in a society perform a wide variety of specialized functions, depending on each other for survival.
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