P Ltd lends $200,000 to its subsidiary S Ltd.At the end of the year S Ltd has paid interest of $18,000 and owes a further $2,000 (assume a tax rate of 30%) The required consolidation entry is:

Question

P Ltd lends $200,000 to its subsidiary S Ltd.At the end of the year S Ltd has paid interest of $18,000 and owes a further $2,000 (assume a tax rate of 30%)The required consolidation entry is:

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The Answer of P Ltd lends $200,000 to its subsidiary S Ltd.At the end of the year S Ltd has paid interest of $18,000 and owes a further $2,000 (assume a tax rate of 30%)The required consolidation entry is:

P Ltd Lends $200,000 to Its Subsidiary S Ltd