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Find how to eliminate intragroup loan

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Problem 1: How to eliminate intragroup loan and interest fee. Here is the scenario The subsidiary has 3 years loan to the parent company of 30,000 that effective on 2018.The interest rate was 2.5.% per annum. During the year end 2019 The subsidiary paid lets say $500 what is the journal entry.

Reference no: EM132646445

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