(a) Zealandia Itd is the parent company holding 90 percent interest in the Oceania Itd. For each of.
(a) Zealandia Itd is the composer corporation avocation 90 percent concern in the Oceania Itd. For each of the forthcoming stubborn cases, yield adjusting entries inevitable to cast-out the pi of intraknot negotiation at 30 June 2020: (i) During the era Oceania Ltd sold list to Zealandia Ltd at a prize of $240000. The consume of the list to Oceania Itd was $168000. Ninety percent (90%) of the list has been sold by Zealandia Ltd to without third parties by the end of the era. (ii) During the era, Oceania pretended $1500000 from Zealandia Ltd which is quiescent unremunerated by the end of the era. During the era Oceania Ltd has remunerated $30000 concern to Zealandia Ltd for the borrowing. (iii) At the end of the year, Oceania Ltd professed and remunerated a dividend amounting to $180000. Zealandia Ltd has professed and remunerated a dividend of $150000. (iv) One year ago, at 1 July 2019, Oceania Ltd sold equipment to Zealandia Ltd for a prize of $810000. At the age of the sale, the carrying prize of the equipment in the Oceania Ltd.'s statement was $450000 and the accumulated derogation was $450000. Zealandia is depreciating the equipment balance a advance 5 years era. The expected salvage prize is nothing. Assume a corporeprimand tax reprimand of 30 percent. (v) During the era Zealandia has remunerated a consultancy fee to Oceania Ltd of $75000. Zealandia has yieldd a government advantage to Oceania Ltd for $80000 which ahs not been remunerated as yet by Oceania Ltd. (b) When are profits realised in relevancy to list transfers among the knot?