Penny Corporation provided the following account balances on December 31, 2021: Preference share, authorized, 250 par - P10,000,000; Unissued preference share - P3,600,000; Ordinary share, authorized, P20 par - P4,000,000; Unissued ordinary share - P2,000,000; Subscription receivable, preference share-380,000; Subscription receivable, ordinary share - P360,000; Subscribed preference share-P600,000; Subscribed ordinary share - P440,000; Treasury share, preference at cost-P1,360,000; Share premium - 1,700,000; Accumulated profits and losses - P2,000,000. All subscriptions receivables

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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.