The stockholders/ equity section of Glavine Company revealed the following information on December 31, 2019: Preference share, P100 par                                                                                        1,150,000 Premium on share capital - Preference share                                                          402,500 Ordinary share, P15 par                                                                                            2,620,000 Premium on share capital - Ordinary share                                                         1,375,000 Subscribed ordinary share                                                                                          250,000 Retained earnings                                                                                                        950,000 Note payable                                                                                                              2,000,000 Subscriptions receivable - Ordinary share                                                              200,000 How much is the legal capital?

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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.