ABC Company canceled 5,000 shares of P25 par value held in treasury at an average cost of P130 per share. Before the cancellation of the treasury shares, the entity had the following shareholders’ equity   Share capital 625,000 Share premium 750,000 Retained earnings 900,000 Treasury shares, at cost.   650,000

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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.