Assuming the Same Facts as for Question 12 but That

question 15

Multiple Choice

Assuming the same facts as for Question 12 but that 2 years later S sold the land outside the group for $1,200,000 the consolidation journal entry required would be (ignoring tax effects) :

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Definitions:

Cultural Symbols

Objects, actions, or behaviors that represent particular cultural values or traditions, and communicate meanings within and across cultures.

Corporate Uniforms

Standardized clothing worn by employees of an organization, intended to promote a unified image and sometimes to denote rank or position.

Diversity of Opinion

The presence of varying viewpoints, beliefs, or perspectives within a group or community.

External Opportunities

Possibilities that lie outside an organization or individual’s current scope but can lead to expansion, growth, or improved status.