During the Year Ended 30 June 2017, a Parent Entity $\begin{array}{llll}\text { Rent revenue } & \mathrm{Dr} & 200000 \\\text { Rent expense } & \mathrm{Cr} &&200000\end{array}$

question 8

Short Answer

During the year ended 30 June 2017, a parent entity rents a warehouse from a subsidiary entity for $200 000. The company tax rate is 30%. Which of the following is the consolidation adjustment entry needed at reporting date to eliminate the transaction? $\begin{array}{llll}\text { Rent revenue } & \mathrm{Dr} & 200000 \\\text { Rent expense } & \mathrm{Cr} &&200000\end{array}$


$\begin{array}{llll}\text { Rent revenue } & \mathrm{Dr} & 200000 & \\\text { Rent expense } & \mathrm{Cr} & & 200000 \\\text { Income tax expense } & \mathrm{Dr} & 60000 & \\\text { Deferred tax liability } & \mathrm{Cr} & & 60000\end{array}$

$\begin{array}{llrr}\text { Rent revenue } & \mathrm{Dr} & 200000 & \\\text { Rent expense } & \mathrm{Cr} & &200000 \\\text { Deferred tax asset } & \mathrm{Dr} & 600000 & \\\text { Income tax expense } & \mathrm{Cr} & & 60000\end{array}$

$\begin{array}{l}\text { Rent expense }&& \mathrm{Dr} &200000&\\\text { Rent revenue }&&\text { Dr } &&200000\end{array}$

Explain the causes and effects of short-run instability in agriculture.

Understand the historical and economic context of the decline of the agriculture industry.

Analyze the effects of government policies on agricultural economics, including price supports and subsidies.

Define agribusiness and its significance in the agricultural sector.

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Definitions:

Digital Communication

The sharing or exchange of information and messages through electronic systems and devices, such as computers and smartphones, over digital platforms or networks.

Conversational Tone

A writing or speaking style that is informal, friendly, and akin to natural spoken communication.

Personal Pronouns

Words used to replace a person's name in a sentence, reflecting personal relationships of the speaker with others.

Audience-Centered Messages

are tailored communications focused on the interests, needs, and preferences of the audience, aiming to increase engagement and response.