= A.51.20 The journal entry recorded by Outback Limhed for this purchase would be: a. DR Recenabie trom Southern raanches timked 5600000 , CR Cash 5600000 b. DR Machinery $600000, CR Payable to Southein Ranches Limited $600000 c. DR Machinery $720000. CR Payable to Southem Ranches Limuted $720.000 d. DR Machinery $720000, CR Cash $720000 The following intormation relates to Jefferson Limited for the year ended 30 june 2022 . On the basis of this information the current tax liabety is. a. 551000 . b. 545000 c. 555200 d 564800 The protit on an intragroup business transaction is 'realised' when: a. there is involvement with an external party. b. only entities within the group are parties to the transaction c. the subsidiary sells to the parent d. the parent sells to the subsidiary