CAIRNE issued 30,000 shares of P100 stated value in exchange for land and factory building with total fair value of P9 million pesos. The value of land is twice as much the value of the building. What would be the entry of CAIRNE to record the transaction? Group of answer choices Land                  2,000,000 Building                  1,000,000                   Share Capital                  3,000,000 Land                  6,000,000 Building                  3,000,000                   Share Capital                  9,000,000 Land                  2,000,000 Building                  1,000,000                   Share Capital                  3,000,000 Land                  6,000,000 Building                  3,000,000                   Share Capital                  3,000,000                   Share Premium                  6,000,000

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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.