On December 31,2013,Dixie Corporation Has the Following Information Available

question 33

Essay

On December 31,2013,Dixie Corporation has the following information available:
On December 31,2013,Grimsled Corporation buys an 80% interest in Dixie Corporation for $240,000.On December 31,2013,the fair value of Dixie's assets and liabilities are equal to the respective book values.
Required:
1.On January 1,2014,Dixie Corporation sells 5,000 additional shares of common stock to noncontrolling stockholders at $20 per share.Prepare the journal entry for Grimsled Corporation on January 1,2014.
2.On January 1,2014,Dixie Corporation sells 5,000 additional shares of common stock to noncontrolling stockholders at $35 per share.Prepare the journal entry for Grimsled Corporation on January 1,2014.
3.On January 1,2014,Dixie Corporation sells 5,000 additional shares of common stock to noncontrolling stockholders at $10 per share.Prepare the journal entry for Grimsled Corporation on January 1,2014.

Understand the various phases of the helping relationship in nursing.

Identify and apply strategies to foster effective communication in nursing.

Recognize the importance of critical thinking in enhancing communication with patients.

Identify the roles and appropriate use of interpreters and other aids in communication with patients who have language barriers or disabilities.

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Definitions:

Raw Materials

The basic materials from which products are manufactured or made, typically used in the early stages of the production process.

On Account

Refers to purchases made or services rendered on a credit basis, implying that payment will be made at a future date.

Raw Materials Inventory

Stocks of basic materials that are used in the production process before undergoing manufacturing.

Work-in-Process Inventory

This refers to the goods that are in the middle of the manufacturing process but are not yet completed.