Ryan Limited, a subsidiary entity, sold a non$-$current asset at a profit to its parent entity during the current period. The adjustment necessary on consolidation to reflect the tax effect of this transaction will result in an:

Question $8$Select one:

a$.$

increase in retained earnings.

b$.$

decrease in retained earnings.

c$.$

Increase in deferred tax assets.

d$.$

decrease in deferred tax liabilities.