Journal entries for the consolidation of lisa


Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporation. Journal entries for the consolidation of Lisa and Victoria would be recorded in

A) a worksheet.

B) Lisa's general journal.

C) Victoria's general journal.

D) Victoria's secret consolidation journal. (Who says accountants can't tell jokes?)

E) the general journals of both companies.

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Accounting Basics: Journal entries for the consolidation of lisa
Reference No:- TGS081747

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