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  3. Study Set
    Company Accounting
  4. Exam
    Exam 17: Consolidation: Intragroup Transactions
  5. Question
    During the Year Ended 30 June 20X7,a Parent Entity Rents
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During the Year Ended 30 June 20X7,a Parent Entity Rents

Question 2

Question 2

Multiple Choice

During the year ended 30 June 20X7,a parent entity rents a warehouse from a subsidiary entity for $100 000.The company tax rate is 30%.The consolidation adjustment entry needed at reporting date is:


A) During the year ended 30 June 20X7,a parent entity rents a warehouse from a subsidiary entity for $100 000.The company tax rate is 30%.The consolidation adjustment entry needed at reporting date is: A)   B)   C)   D)
B) During the year ended 30 June 20X7,a parent entity rents a warehouse from a subsidiary entity for $100 000.The company tax rate is 30%.The consolidation adjustment entry needed at reporting date is: A)   B)   C)   D)
C) During the year ended 30 June 20X7,a parent entity rents a warehouse from a subsidiary entity for $100 000.The company tax rate is 30%.The consolidation adjustment entry needed at reporting date is: A)   B)   C)   D)
D) During the year ended 30 June 20X7,a parent entity rents a warehouse from a subsidiary entity for $100 000.The company tax rate is 30%.The consolidation adjustment entry needed at reporting date is: A)   B)   C)   D)

Correct Answer:

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