A client had the following investment transactions in 20X0: On March 20, purchased 1,000 shares of XYZ Co. ordinary shares at P80.50 plus broker’s fee of P500. Before receiving 25% stock dividends on November 30, your client has paid P14 per share held for assessment fee. Your client has received preference shares instead of ordinary which your client agreed on. On this date, the market value of XYZ’s ordinary shares is P100 while P50 for its preference shares. Determine the carrying value of the investment at year end.

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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.