Adrian Henry Company purchased P2,000,000, 12%, 4-year bonds at 102, excluding the interest on April 1, 2020. The interest is payable on February 1 and August 1. At the end of each year, the bonds have the following quoted price: Dec. 31, 2020 - 102 1/2 Dec. 31, 2021 - 101 3/4 Dec. 31, 2022 - 103 1/4 On February 1, 2023, Adrian Henry sold half of its bonds to the market at 102 3/4.   Requirements: 1. Prepare the necessary journal entries to record the above transactions assuming the investment is classified as trading security? Investment at FVTOCI? Investment at amortized cost? 2. Compute the unrealized holding gain or loss of the investment, assuming the investment is classified as trading security? Investment at FVTOCI? Investment at amortized cost? 3. How much is the carrying value of the investment at each reporting period assuming the investment is classified as trading security? Investment at FVTOCI? Investment at amortized cost?

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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.