In 20A, Angelu company bought 10,000 shares of Eloisa company at a cost of P360,000. On December 1, 20A, Angelu company declared a property dividend of the Eloisa company shares to shareholders of record on February 1, 20B, payable on February 15, 20B. Eloisa company shares had the following market value: December 1, 20A 450,000 December 31, 20A 468,000 February 15, 20B 432,000 What is the net charge of the property dividend against retained earnings during 20A? 468,000 pls provide correct solution for the given answer

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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.