On 16 May 2020, Lourve Ltd sold equipment to its subsidiary, Godivae Ltd, for $130 000, this
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Group of answer choices
Dr. Cost of sales 20 000
Cr. Income tax expense 6 000
Dr. Deferred tax assets 6 000
Cr. Inventories 20 000
Dr. Income tax expense 6 000
Cr. Equipment 20 000
Dr. Income tax expense 6 000
Cr. Cost of sales 20 000
Related Book For
Advanced Accounting
ISBN: 978-0134472140
13th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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