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Flintstone Inc

question 44

Essay

Flintstone Inc.acquired all of Rubble Co.on January 1,2009.Flintstone decided to use the initial value method to account for this investment.During 2009,Flintstone sold to Rubble for $600,000 inventory with a cost of $500,000.At the end of the year 30% of the goods were still in Rubble's inventory.
Required:
Prepare Consolidation Entry TI and Consolidation Entry G for the consolidation worksheet at 12/31/09.


Definitions:

Performance Evaluation

The systematic assessment of an individual's job performance, typically conducted by supervisors or managers to make informed decisions regarding employment matters.

Mentoring Outcome

This refers to the results or impacts of mentoring relationships, which can include career advancement, personal development, and increased professional network for the mentee.

Veteran Employees

Workers who have a long period of service with a company or organization, providing them with extensive experience and knowledge.

Formal Rotation

A structured method of rotating tasks, positions, or jobs among employees within an organization to enhance skills and reduce monotony.

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