During the Year Ended 30 June 20X7 a Subsidiary Entity

question 6

Multiple Choice

During the year ended 30 June 20X7 a subsidiary entity sold inventory to a parent entity for $30 000.The inventory had previously cost the subsidiary entity $24 000.By 30 June 20X7 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 30 June 20X8 is:

Distinguish between negative rights theory and positive law.

Explain the significance of landmark legal cases and their influence on ethical reasoning.

Analyze the ethical implications of market value ethics and ethical relativism.

Understand Max Weber's concepts regarding the ethics of leadership and governance.