Omega Company acquired 20,000 shares of Zion Company on January 1, 2019 at P150 per share. Zion Company had 80,000 shares outstanding with a carrying amount of P8,000,000. The difference between the carrying amount and fair value of Zion Company on January 1, 2019 is attributable to building .   Zion Company recorded earnings of P3,600,000 and P3,900,000 for 2019 and 2020, respectively, and a per-share dividend of P16 in 2019 and P20 in 2020. Omega Company has a 10-year straight line depreciation policy for building.   Required: Compute for the percentage of ownership.  Compute the investment income for 2019.  Compute for the investment income for 2020.  Compute for the dividend income for 2019 and 2020.  Compute for the caring amount of Investment in Associates at the end of 2020.

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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.