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When a company applies the initial value method in accounting for its investment in a subsidiary,and the subsidiary reports income in excess of dividends paid,what entry would be made for a consolidation worksheet for the second year?
Step-Fixed Costs
Costs that remain constant for a certain level of activity but jump to a higher level when activity increases beyond that threshold.
Production Line
A production line is an arrangement of machines and workers in a factory where a succession of operations is performed on a product to complete its manufacture.
Labour Time
The amount of time that workers spend in the production of goods or services.
Cost Driver
A factor that causes a change in the cost of an activity or process, used to assign costs based on actual consumption of resources.
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