On January 1, 2021, XYZ Corp. acquires 100% interest in ABC Corp. in exchange for XYZS 10,000 shares with par value per share of P20 and fair value per share of P200. ABC's net identifiable assets have a fair value of PI,900,000. In addition, XYZ Corp. agrees to issue additional 2,000 shares if ABC's 2021 profit will exceed P3,600,000. The fair value of the contingent consideration is P280,000 How much is the goodwill recognized on acquisition date?

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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.