Use the following information for the next four (4) questions: On January 1, 2023, Flips Company is authorized to issue 100,000 P100 par value ordinary shares. The following transactions occurred during 2023:   January 1 Issued 40,000 ordinary shares at P130 per share. February 1 Issued 30,000 ordinary for the following assets:     Machine   500,000   Fair value   Land - None   Building 1,100,000 Fair value   Ordinary shares   P120 Fair value July 1 Purchased 10,000 ordinary shares at P150 per share to be held as treasury. August 1 Declared a 2 for 1 split. September 15 Reissued 5,000 treasury shares at P100 per share December 31 Declared a P10 per share cash dividend on the ordinary shares. December 31 Net income for the year is P3,000,000. What is the total shareholders’ equity at December 31, 2023? Group of answer choices 9,425,000 8,950,000 9,550,000 8,925,000

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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.