Assume that the subsidiary has some inventory that had been purchased from the parent who earned a

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Assume that the subsidiary has some inventory that had been purchased from the parent who earned a 30% gross profit. Briefly explain whether this fact will increase, decrease or not change the current ratio when preparing the consolidated balance sheet.

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Modern Advanced Accounting In Canada

ISBN: 9781260881295

10th Edition

Authors: Hilton Murray, Herauf Darrell

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