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what is the Elimination required relating to M Ltd (including entries for each company and consolidated) for the year ended 30 June 2018, and explain...

what is the Elimination required relating to M Ltd (including entries for each company and consolidated) for the year ended 30 June 2018, and explain for the following point: N Ltd purchased 5 000 debentures at their list price of $40 per debenture from M Ltd on 1 July 2014. Interest at 8% per annum had been paid on 30 June 2018.

Note N is the parent company and M is the subsidiary

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