When an entity sells during the current period a non-depreciable non-current asset at a profit to another entity within the same group the following adjustment is necessary on consolidation at the end of the period:
A) Dr Asset Cr Cash
B) Dr Cash Cr Asset
C) Dr Gain on sale Cr Asset
D) Dr Asset Cr Gain on sale.
Correct Answer:
Verified
Q2: The adjustments included in the consolidation worksheet
Q3: In May 2017, a parent entity sold
Q4: During the current period, a subsidiary entity
Q5: During the year ended 30 June 2017,
Q6: Which of the following statements is incorrect:
A)
Q7: During the year ended 30 June 2017,
Q8: The tax effect of eliminating the unrealised
Q9: Which of the following statements is incorrect:
A)
Q10: During the current period, a subsidiary entity
Q11: Which of the following questions is not
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