Western Foods purchased a 4,000,000 life insurance policy on the company president. The annual premium that was paid on January 1, 2020, the beginning of the third policy year, amounted to P96,000. In 2020, cash surrender value increased by P7,000 and dividends from the insurance company credited against the premiums due for the year amounted to P1,500. What was the amount of the life insurance expense for 2020?   A.87,500 B. 89,000 C. 90,500 D. 101,500

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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.