On March 1, 2020, Marla Company issued 20,000 shares of its P10 par value ordinary shares and 40,000 shares of its P10 par value convertible preference share for a total of P1,800,000. At this date, the ordinary share was selling for P20per share and the convertible preference share was selling for P30 per share. What amount of the proceeds should be allocated to the convertible preference shares

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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.