Question
On 1 January 2019 SON Ltd sold an item of plant to Father Ltd for $150,000 when its carrying value in Son's books was $90,000
On 1 January 2019 SON Ltd sold an item of plant to Father Ltd for $150,000 when its carrying value in Son's books was $90,000 (original cost $190,000 and original estimated life of nine years). There were no other transactions between Father Ltd and Son Ltd for year ended 30 June 2019
adjustment/elimination journal entries for consolidation as at 30 June 2020
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Management Information Systems Managing the Digital Firm
Authors: Kenneth C. Laudon, Jane P. Laudon
15th edition
134639715, 978-0134639710
