On 1 January 2012, Cowboys Ltd acquired all the issued shares in Tate Ltd. At that date, the inventory of Tate Ltd had a fair value of $10,000 more than its carrying amount. By 30 June 2013, 75% of the inventory was sold to an entity outside of the group. The net impact of the consolidation adjustment against inventory as at 30 June 2013 will be: Select one: O A. a debit of $5000 B. a debit of $2500. C. a debit of $7500. D. a credit of $5000. Rainbow Ltd has control over Winnie Ltd. Rainbow sold an equipment to Winnie for $3,000,000 in January 20X5. The equipment was 3 years old when sold, and had cost Rainbow $4,500,000 to buy, with expected residual value $500,000. The residual value and remaining useful life of the equipment did not change. The equipment had been depreciated by Rainbow at 10% p.a. straight-line. The amount of the unrealised gain/loss on the sale was: Select one: o A. $500,000 gain B. $700,000 gain O C. $300,000 loss O D. $1,500,000 loss A parent entity sold some inventory to its subsidiary for $55,000 in the current year. The goods had originally cost the parent $40,000. At the end of the year, all of the inventory was still on hand. The perpetual inventory system is used. For the current year, the consolidation entry to eliminate this transaction will include which of the following line items? Select one: O Cr Cost of sales $40,000 Cr Cost of sales $15,000 O Cr Cost of sales $95,000 Cr Cost of sales $58,000