What is the amount of the unrealised profit to be eliminated if the parents year-end inventory includes

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What is the amount of the unrealised profit to be eliminated if the parent’s year-end inventory includes at £540,000 goods invoiced to it by its 60% owned subsidiary at cost plus 25%?

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 29, 2023 10:26 AM

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What is the amount of the unrealised profit to be eliminated if the parents year-end inventory includes

Question:

a £64,800 b £81,000 c £108,000 C d £135,000

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Financial Accounting An Introduction

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