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During the current period, a subsidiary entity sold inventories to a parent entity for $30000. The inventories had previously cost the subsidiary entity $24000. By
During the current period, a subsidiary entity sold inventories to a parent entity for $30000. The inventories had previously cost the subsidiary entity $24000. By reporting date the parent entity had sold 75% of inventories to a party outside the group. The company tax rate is 30%. The adjustment entry in the consolidation worksheet at reporting date
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