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Mandy Ltd provided a loan of $1,500,000 to its subsidiary Park Ltd. On consolidation, which...

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Accounting

Mandy Ltd provided a loan of $1,500,000 to its subsidiary Park Ltd. On consolidation, which of the following elimination entries is needed in relation to this intragroup loan? Select one: Dr Loan receivable from Park Ltd $1,500,000; Cr Loan payable to Mandy Ltd $1,500,000 Dr Loan payable to Mandy Ltd $1,500,000; Cr Loan receivable from Park Ltd $1,500,000 Dr Loan payable to Park Ltd $1,500,000; Cr Loan receivable from Mandy Ltd $1,500,000 Dr Loan payable to Mandy Ltd $1,500,000; Cr Cash $1,500,000

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