On 1 July 2016, a parent entity rents a warehouse for one year from a subsidiary entity for $100 000. The company tax rate is 30%. The consolidation adjustment entry needed at 30 June 2018 is:
D) No entry required.

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The Answer of On 1 July 2016, a parent entity rents a warehouse for one year from a subsidiary entity for $100 000. The company tax rate is 30%. The consolidation adjustment entry needed at 30 June 2018 is:
D) No entry required.

On 1 July 2016, a Parent Entity Rents a Warehouse