ABC Corp owns 60% of the outstanding shares of GHI Company, which itpurchased for P42,000 above underlying book value of P604,800 on December31, 2021. For the year 2024, GHI included in its net income P75,600 of unrealizedgain on a year-end sale of depreciable assets to ABC. The non-controllinginterest of GHI was computed for P10,080 of income in the 2024 consolidatedfinancial statements. The purchase difference allocated to building which isamortized over 20 years. Compute for the r

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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.