Lemon Ltd has a December 31 year end. On January 1, 2018 Lemon acquires 4000 shares of Nike Inc at a cost of $150 per share. Transaction cost is $1200. The Investment is classified as available for Sale. On December 31, 2018 the Fair Value of Nike share has decreased to $120/share. On March 1, 2019 Lemon Ltd sells the shares for $135 per share. Transaction cost for the sale is $2000. Record the journal entries in the books of Lemon Ltd.

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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.