Pangasinan Company acquired 80% of the outstanding shares of Sorsogon Company on May 31, 2022. Accounting period of the two companies end on December 31. Which of the following represents the controlling interest in the 2022 consolidated net income? 100% of Pangasinan Company January 01 - December 31 income plus 80% of Sorsogon Company January 01 - December 31 income 100% of Pangasinan Company June 01 - December 31 income plus 80% of Sorsogon Company June 01 - December 31 income 100% of Pangasinan Company June 01 - December 31 income plus 80% of Sorsogon Company January 01 - December 31 income 100% of Pangasinan Company January 01 - December 31 income plus 80% of Sorsogon Company June 01 - December 31 income.

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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.