30 June 20X1, Buyer plc obtained control of Target plc by purchased 60% of Target plc’s ordinary shares. The revenue reported by Buyer plc and Target plc in their separate income statements for the financial year ending 31 December 20X1 are £10,000 and £2,000 respectively. Assume no intra-group transactions and revenues are spread evenly throughout the year. Revenue reported in Buyer plc’s consolidated income statement for the year ending 31 December 20X1 is:   a. £12,000 b. £11,200 c. £11,000 d. £10,600

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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.