During the Year Ended 30 June 20X7 a Subsidiary Entity

question 12

Multiple Choice

During the year ended 30 June 20X7 a subsidiary entity sold inventory to its parent entity at a profit of $8 000.The goods had originally cost the subsidiary $20 000.At the end of 30 June 20X7 all the inventory was still on hand.Ignoring tax effects,the adjustment entry to deal with this transaction on consolidation during the year ended 30 June 20X8 would include the following line item:

• A)DR Cost of sales $8 000
• B)CR Cost of sales $8 000
• C)DR Cost of sales $20 000
• D)CR Cost of sales $20 000.

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Definitions:

Radical Prostatectomy

A surgical procedure to remove the entire prostate gland and some of the tissue around it to treat prostate cancer.

Clear Yellow Urine

A description of urine indicating a normal hydration status, where the urine appears pale to bright yellow and is transparent.

Ambulate

The act of walking or moving from one place to another, often used in healthcare to assess or encourage patient mobility.

Cervical Spine

The portion of the spine that runs through the neck, made up of seven vertebrae.