Yeye Corporation has a convertible preference shares with a 2 for 1 ordinary share conversion basis. Other relevant information at January 31, 2021 is as follows: • Preference Share,P40 par, 50,000 shares issued and outstanding- P2,000,000 Ordinary Share Capital, P50 par, 80,000 shares issued and outstanding- P4,000,000 Share Premium-Preference-P300,000 - Share Premium-Ordinary- P600,000 • Retained Earnings-P750,000 Assuming a 30,000 preference shares was converted, how much will be charged to Retained Earnings as a result of conversion? A.P112,500 B.P120,000 C.PO D.P630,000

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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.