What amount of consolidated net income will be assigned to the controlling interest for 20x2?   A. P20, 000 B. P30, 800 C. P44, 000 D. P45, 000 E. 69, 200 F. 80, 000

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Q: Lorn Corporation purchased inventory from Dresser Corporation for P120,000 on September 20, 20x2,…

A: Answer Option E is the Correct Answer i.e 69,200

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.