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Management and consulting fees derived by Great Ltd were all from Wall Ltd and represented charges made for administration $2,200 and technical services $2,800. The
- Management and consulting fees derived by Great Ltd were all from Wall Ltd and represented charges made for administration $2,200 and technical services $2,800. The latter were charged by Wall Ltd to manufacturing expenses.
- All debentures issued by Wall Ltd are held by Great Ltd.
- Other components of equity relate to movements in the fair values of the financial assets. The balance of this account at 1 July 2019 was $10,000 (Great Ltd) and $8,000 (Wall Ltd).
Question: Adjust each of these intra group transactions (entry form)
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
