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On 1 July 2016, a Parent Entity Rents a Warehouse

Question 33

Multiple Choice

On 1 July 2016, a parent entity rents a warehouse for one year from a subsidiary entity for $100 000. The company tax rate is 30%. The consolidation adjustment entry needed at 30 June 2018 is:


A) On 1 July 2016, a parent entity rents a warehouse for one year from a subsidiary entity for $100 000. The company tax rate is 30%. The consolidation adjustment entry needed at 30 June 2018 is: A) B) C) D) No entry required.
B) On 1 July 2016, a parent entity rents a warehouse for one year from a subsidiary entity for $100 000. The company tax rate is 30%. The consolidation adjustment entry needed at 30 June 2018 is: A) B) C) D) No entry required.
C) On 1 July 2016, a parent entity rents a warehouse for one year from a subsidiary entity for $100 000. The company tax rate is 30%. The consolidation adjustment entry needed at 30 June 2018 is: A) B) C) D) No entry required.
D) No entry required.

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