City Company purchased the following portfolio of equity securities during 2020 and the company has made an irrevocable designation as fair value to other comprehensive income. The following information pertains to the securities Security                       Cost               Market Value 12/31/20 X                               P 800,000                   P 820,000  Y                               1,300,000                    1,320,000 Z                                  220,000                     280,000 How much should City Company report as unrealized gain related to the securities transactions in its 2020 statement of financial position?   a. none b. 20,000 unrealized gain c. 100,000 unrealized gain d. 120,000 unrealized gain

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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.