A subsidiary entity sold inventory to a parent entity for $30 000. The inventory had previously cost the subsidiary entity $24 000. By reporting date the parent entity had sold 75% of the inventory to a party outside the group. The company tax rate is 30%. The adjustment entry in the consolidation worksheet at reporting date is:
A)

\begin{array} { l l l r } \text { Sales revenue } & \mathrm { Dr } & 30000 & \\\quad \text { Cost of sales } & \mathrm { Cr } & 24000 \\\quad \text { Inventory } & \mathrm { Cr } & 6000 \\\text { Deferred tax asset } & \mathrm { Dr } & 1800 & \\\quad \text { Income tax expense } & \mathrm { Cr } &1800\end{array}

\begin{array} { l l c r } \text { Sales revenue } & \mathrm { Dr } & 30000 & \\\quad \text { Cost of sales } & \mathrm { Cr } & 28500 \\\text { Inventory } & \mathrm { Cr } &1500 \\\text { Deferred tax asset } & \mathrm { Dr } & 450 & \\\text { Income tax expense } & \mathrm { Cr } & 450\end{array}

\begin{array} { l l c r } \text { Sales revenue } & \mathrm { Dr } & 22500 & \\\quad \text { Cost of sales } & \mathrm { Cr } & 18000 \\\text { Inventory } & \mathrm { Cr } & 4500 \\\text { Deferred tax asset } & \mathrm { Dr } & 1350 & \\\text { Income tax expense } & \mathrm { Cr } & 1350\end{array}

\begin{array} { l l c c } \text { Sales revenue } & \mathrm { Dr } & 7500 & \\\text { Cost of sales } & \mathrm { Cr } & 6000 \\\text { Inventory } & \mathrm { Cr } & 1500 \\\text { Deferred tax asset } & \mathrm { Dr } & 450 & \\\text { Income tax expense } & \mathrm { Cr } & 450\end{array}

The Consolidation Adjustments in Relation to Intragroup Borrowings

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