A Parent Entity Made an Advance of $50 000 to Its

question 4

Multiple Choice

A parent entity made an advance of $50 000 to its subsidiary. The parent charges interest of $3 000 on this advance. The consolidation adjustment to eliminate the advance is:

• A) Dr Interest revenue $53 000 Cr Interest expense $53 000
• B) Dr Interest expense $53 000 Cr Interest revenue $53 000
• C) Dr Advance to subsidiary $50 000 Cr Advance from parent $50 000
• D) Dr Advance from parent $50 000 Cr Advance to subsidiary $50 000

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Definitions:

Classroom Seating

The arrangement of seats or desks in a classroom, which can affect student engagement and learning.

Collaborative Activities

Tasks or projects that involve two or more people working together towards a common goal.

Speaker Interaction

The dynamic exchange between a speaker and their audience, which can enhance engagement and understanding.

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