(Answered) Question - if milo ltd sold inventory to lime ltd for 20000

Accounting

Question - If Milo Ltd sold inventory to lime ltd for $20000 at a mark up of 25%. A quarter of the inventory was sold by 30 June 2016. The remainder was still sold by 30 June 2017.

What is the equity accounting journal to account for the 30% interest in lime Ltd acquired by Milo Ltd in accordance with AASB 128?

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