What will be the cr to the inventory asset account, Financial Accounting

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What will be the cr to the inventory asset account

Problem

L Ltd owns 100% equity of 8 Ltd. The following inter-entity transaction took place between L Ltd and 5 Ltd. During the period, 8 Ltd sells inventory to L Ltd at a sales price of $300 000. 5 Ltd. marks up its imrentlor'glr by 50%. At the end of the period, 25% of this inventory is still on hand with L Ltd. The tax rate is assumed to be 30%. What will be the 'CR' to the "inventory asset account' in the consolidation adjustment Journal?

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Financial Accounting: What will be the cr to the inventory asset account

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Financial Accounting: What will be the cr to the inventory asset account

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