Abra Ltd Sold an Item of Plant to Its Subsidiary

question 26

Multiple Choice

Abra Ltd sold an item of plant to its subsidiary Cadabra Ltd on 1 January 2017 for $50 000.The asset had cost Abra Ltd $60 000 when acquired on 1 January 2015.At that time the useful life of the plant was assessed at 6 years.Rounded to the nearest dollar,the consolidation elimination entries at 30 June 2017 in relation to the sale of plant are which of the following?

Understand the controversies and limitations surrounding the polygraph test.

Acknowledge the role of the sympathetic nervous system in emotional responses.

Learn about the influence of specific brain structures in emotion regulation and response to stress.

Understand the challenges in detecting lies and the accuracy rates of polygraph tests.

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Definitions:

Equilibrium Interest Rate

The interest rate at which the quantity of loanable funds demanded equals the quantity of loanable funds supplied.

Loanable Funds

refers to the pool of funds available for borrowing, consisting of savings made available to borrowers in the financial markets.

Quantities Demanded

The total amount of a good or service that consumers wish to purchase at any given price level.

Time-Value of Money

A finance principle that suggests money available now is worth more than the same amount in the future due to its potential earning capacity.