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Prepare the consolidation worksheet entries at june

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Question - Daniel Ltd. owns all of the shares of Scott Ltd. The following intragroup transactions, are all independent unless specified. Assume an income tax rate of 30%. Prepare the consolidation worksheet entries at 30 June 2020 to adjust for the effects of the following intragroup transactions (narrations are not required). In February 2020, Scott Ltd. sold inventory to Daniel Ltd. for $9 000. This inventory cost Scott Ltd. $8 000. One-quarter of this inventory was unsold by Daniel Ltd. at 30 June 2020.

Reference no: EM133004565

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