A Subsidiary Entity Sold Inventory to a Parent Entity for $30

question 13

Multiple Choice

A subsidiary entity sold inventory to a parent entity for $30 000.The inventory had previously cost the subsidiary entity $24 000.By reporting date the parent entity had sold 75% of the inventory to a party outside the group.The company tax rate is 30%.The adjustment entry in the consolidation worksheet at reporting date is:

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Definitions:

Chest Expansion

The increase in chest size due to the movement of the ribs and diaphragm during inhalation.

Informed Consent

A process through which a patient voluntarily confirms their willingness to participate in a particular treatment, after having been informed of all the potential risks, benefits, and alternatives.

Surgical Consent

A legal document signed by a patient or their guardian that authorizes medical personnel to perform a surgical procedure, acknowledging the patient has been informed of the risks, benefits, and alternatives.

Patent Airway

An unobstructed path within the airway that allows for effective breathing and ventilation.