If an Entity Sells a Non-Current Asset at a Profit

question 13

Multiple Choice

If an entity sells a non-current asset at a profit to another entity within the same group the following consolidation adjustment is necessary to reflect the tax effect:

• A) DR Deferred tax asset
• B) DR Deferred tax liability
• C) DR Tax expense
• D) DR Retained earnings.

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Definitions:

Elderly Patients

Individuals of advanced age receiving medical care or treatment.

Geriatricians

Medical doctors specializing in the care, treatment, and prevention of diseases and conditions affecting older adults.

Symptoms

Indicators or signs of a condition or disease experienced by an individual, such as pain, fever, or fatigue.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.