Solved

During the Year Ended 30 June 2017, a Parent Entity

Question 29

Multiple Choice

During the year ended 30 June 2017, 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 30 June 2017 is:


A) During the year ended 30 June 2017, 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 30 June 2017 is: A) B) C) D)
B) During the year ended 30 June 2017, 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 30 June 2017 is: A) B) C) D)
C) During the year ended 30 June 2017, 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 30 June 2017 is: A) B) C) D)
D) During the year ended 30 June 2017, 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 30 June 2017 is: A) B) C) D)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: On 16 May 2017, Z Ltd sold

Q25: During the current period, a subsidiary entity

Q26: During the current period, a subsidiary entity

Q27: Which of the following statements is incorrect:<br>A)

Q28: The realisation of the profit or loss

Q30: A subsidiary sold inventories to its parent

Q31: The consolidation adjustments in relation to intragroup

Q32: Which of the following statements is incorrect:<br>A)

Q33: On 1 July 2016, a parent entity

Q34: A Ltd sold an item of plant