On March 1, 2016 Chris Company purchased 10,000 ordinary shares of LV Corp. at P80 per share. On September 30, 2016, Chris received 10,000 stock rights to purchase an additional 10,000 shares at P90 per share. The stock rights had an expiration date on February 1, 2017. On September 30, 2016, LVC's share had a market value P95 and the stock right has a market value of P5. What amount should Chris report in its September 30, 2016 statement of financial position for investment in stock rights? a. 150,000 b. 100,000 c. 50,000 d. 60,000

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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.