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A non - current asset with a carrying amount of $ 2 4 0 0 was sold by the parent to its subsidiary for $
A noncurrent asset with a carrying amount of $ was sold by the parent to its subsidiary for $ on
January The subsidiary intended to use this item as inventory, being a seller of secondhand goods.
Both entities charged depreciation at the rate of pa on the diminishing balance on noncurrent assets.
The item was still on hand at June Assume an income tax rate of Prepare the consolidation
worksheet adjusting entries for preparation of the consolidated financial statements as at June
Answer:
$
Your last answer was interpreted as follows:
$
Your last answer was interpreted as follows:
$
Your last answer was interpreted as follows:
$
Your last answer was interpreted as follows:
I had a go not sure if right. please amend if needed.
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