A subsidiary sold inventories to its parent entity in the year ended 30 June 2017 at a profit of $5 000. At balance sheet date the parent had not sold the inventories. The company tax rate is 30%. The consolidation worksheet prepared at 30 June 2017 will contain the following adjustment entry for inventories:

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The Answer of A subsidiary sold inventories to its parent entity in the year ended 30 June 2017 at a profit of $5 000. At balance sheet date the parent had not sold the inventories. The company tax rate is 30%. The consolidation worksheet prepared at 30 June 2017 will contain the following adjustment entry for inventories:

A Subsidiary Sold Inventories to Its Parent Entity in the Year