Berry’s Concrete acquired 25% of the outstanding common stock of Blakeley, Inc. on January 1, 2010, by paying $2,000,000 for 80,000 shares. Blakeley declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2010. Blakeley reported net income of $1200,000 for the year. At December 31, 2010, the market price of Blakeley’s common stock was $28 per share. Instructions Prepare the journal entries for Berry’s Concrete for 2010 assuming Berry’s cannot exercise significant influence over Blakeley. (Use the cost method and assume Blakeley common stock should be classified as available-for-sale

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A: 1.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.