=+5. The revenue figure of the parent company includes sales to the subsidiary of 2,450,000. There are
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=+5. The revenue figure of the parent company includes sales to the subsidiary of €2,450,000.
There are no inter-company profits in inventory.
Requirement You are required to prepare the consolidated statement of comprehensive income and the consolidated statement of financial position of RAY International Limited and its subsidiary for the year ended 31 December, 1990 assuming that the
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Related Book For 
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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