MEME Corporation’s Retained Earnings at December 31, 2021 amounted to P2,000,000.  On that date, the corporation declared and distributed its investment property which was acquired at a historical cost P300,000 and has  a fair market value of P450,000 on December 31, 2021.  On the date of declaration and distribution, by what amount should Retained Earnings be charged?   A. P300,000 B. P150,000 C. None D. P450,000

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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.