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What is the deferred tax item that is recognised

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Question - A subsidiary sold inventories to its parent for $100 000. The inventories originally cost the subsidiary $80 000. At balance sheet date, the parent had sold 50% of the inventories to an external party. The company tax rate is 30%. What is the deferred tax item that is recognised on consolidation?

a. Cr Deferred tax liability $3000

b. Cr Deferred tax liability $6000

c. Dr Deferred tax asset $6000

d. Dr Deferred tax asset $3000

Reference no: EM133015793

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