asked 40.4k views
17 votes
Medium 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

asked
User Smugrik
by
7.3k points

1 Answer

13 votes

Answer:

a worksheet

Step-by-step explanation:

A work sheet can be regarded bad a Multiple column sheets in which

all the necessary information that are required in preparation of the financial statement is been systematically recorded. worksheet cannot be regarded as a permanent account or regarded as a part of a journal/ ledger.

answered
User Arshovon
by
8.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.