=+2. LINE Ine. is situated in a foreign country and was incorporated on 1 January 2003. The
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=+2. LINE Ine. is situated in a foreign country and was incorporated on 1 January 2003. The company is wholly owned by TOWER Limited and acts as a foreign selling agent for TOWER Limited. There were no inter-group sales involving LINE Inc. during 2003, and the cost of sales shown in LINE Inc.’s statement of comprehensive income above is arrived at as follows:
Kd million Purchases (purchased evenly during the year) 1092 Closing inventory (purchased 1 December 2003) (252)
840
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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