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On 1 July 2018, Xavier Ltd rents a warehouse for one year its subsidiary. Gabrielle Ltd, for $60000. The company tax rate is 30%. The

On 1 July 2018, Xavier Ltd rents a warehouse for one year its subsidiary. Gabrielle Ltd, for $60000. The company tax rate is 30%. The consolidation adjustment entry needed at 30 June 2020 is:

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