On October 1, 2020, Puna Corporation acquired for cash all the outstanding common stock of Suna Company, which was not liquidated, Consolidated net income for the fiscal year ended December 31, 2021, includes net income of: a. Puna for twelve months, but no income from Suna until it declares a cash dividend b. Puna for twelve months and Suna for three months c. Puna for twelve months and Suna for twelve months d. Puna for three months and Suna for three months

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A:

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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.