(a) During the year ending 30 June 2015, Isabel Ltd sold $50 000 worth of inventory to Layla Ltd. Isabel Ltd recorded a $10 000 profit before tax on these transactions. At 30 June 2015, Layla Ltd has one quarter of these goods still on hand.
(b) Isabel Ltd sold a warehouse to Layla Ltd for $100 000. This had originally cost Isabel Ltd $82 000. The transaction took place on 1 January 2014. Layla Ltd charges depreciation at 5% p.a. on a straight-line basis.
(c) During the 2014-15 period, Layla Ltd sold inventory costing $12 000 to Isabel Ltd for $18 000. One third of this was sold to Olivia Ltd for $9500 and one-third to Taylah Ltd for $9000.
(d) On 1 January 2014, Isabel Ltd sold inventory costing $6000 to Layla Ltd at a transfer price of $8000. On 1 September 2014, Layla Ltd sold half these goods back to Isabel Ltd, receiving $3000 from Isabel Ltd. Of the remainder kept by Layla Ltd, half was sold in January 2015 to Anna Ltd at a loss of $200.
(e) On 25 June 2015, Layla Ltd declared a dividend of $10 000. On the same day, Isabel Ltd declared a $5000 dividend.
(f) On 1 October 2014, Layla Ltd issued 1000 15% debentures of $100 at nominal value. Isabel Ltd acquired 400 of these. Interest is payable half-yearly on 31 March and 30 September. Accruals have been recognised in the legal entities' accounts.
(g) During the 2013-14 period, Layla Ltd sold inventory to Isabel Ltd for $10 000, recording a before-tax profit of $2000. Half this inventory was unsold by Isabel Ltd at 30 June 2014.