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Can someone explain to me how do i do with part c. There is the solution, the numbers is blank in the question 0002 INTER

Can someone explain to me how do i do with part c. There is the solution, the numbers is blank in the question

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0002 INTER INAN ORIAL 8 S ION On 1 July 2011, Parent Ltd acquired all of the shares of Sub Ltd for $200 000. At the acquisition date the equity of Sub Ltd consisted of: Share capital Reserves Retained earnings $100 000 20 000 45 000 At the date of acquisition this equity reflected the fair values of all the identifiable assets and liabilities of Sub Ltd During the year ended 30 June 2015 inventory was sold for a profit of $1 000 by Sub Ltd to Parent Ltd. This inventory had cost Sub Ltd $2 000 and at the reporting date Parent Ltd had 40% of this inventory on hand During the year ended 30 June 2016 inventory was sold for a profit of S1 500 by Sub Ltd to Parent Ltd. This inventory had cost Sub Ltd $3 500 and at the reporting date Parent Ltd had 2/3 of this inventory on hand. Parent Ltd sold the intragroup inventory purchased during the previous period to entities outside of the group On 1 January 2013 Sub Ltd sold plant & equipment to Parent Ltd at which time Sub Ltd recorded a profit on sale of $60,000. Parent Ltd has since depreciated the plant & equipment on a straight-line basis at 5% pa On 30 June 2016 the directors of Parent valued goodwill at $30 000 having previously recognised impairments of S3 000 The corporate tax rate is 30% Required (a) Prepare the 30 June 2016 consolidation journal entries relevant to the above transactions and events. (b) Complete the consolidation worksheet extract provided Parent Ltd sold the intragroup inventory purchased during FY13 to entities outside of the group at a mark-up of 100% Required (c) Complete the tables provided showing the differences between how this inventory would be recognised by the individual entities compared with the group across the FY13 and FY14 reporting periods

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