If there is a purchase transaction between the parent entity and a 60 per cent-owned subsidiary that
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If there is a purchase transaction between the parent entity and a 60 per cent-owned subsidiary that generates a payable in the accounts of the parent entity, and a receivable in the accounts of the controlled entity, what percentage of the intragroup payable and receivable should be eliminated on consolidation?
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AASB 10 defines a noncontrolling interest as equity in a subsidiary not attributable ...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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