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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Ann Ltd acquired all of the share capital of Nelly Ltd. Prepare the consolidation worksheet adjustment entry for the following intra-group transaction:- Assume that the consolidation process is being undertaken at 30 June 2008, and that an income tax rate of 30% applies. 1) On 1 July 2007, Ann Ltd sold a motor vehicle to Nelly Ltd for $10,000. This had a carrying amount to Ann Ltd of $7,000. Both entities depreciate motor vehicles at a rate of 10% p.a. on cost.
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