1. Baba Plc has owned 100% of the issued share capital of Onua Plc for many years. Baba Plc sells goods to Onua Plc at cost plus 20%. The following information is available for the year ended 31 December 2018. Revenue GH Baba Plc 230,000 Onua Plc 60,000 During the year Baba Plc sold goods to Onua Plc for GH30,000, of which GH9,000 were still held in inventory by Onua Plc at the year end. At what amount should total revenue appear in the consolidated statement of profit or loss?

A. GH260,000 B. GH265,000 C. GH267,500 D. GH281,000

2. Union Plc is the sole subsidiary of Water Plc. The cost of sales figures for 2018 for Water Plc and Union Plc were GH55 million and GH50 million respectively. During 2018, Water Plc sold goods which had cost GH10 million to Union Plc for GH15 million. Union Plc has not yet sold any of these goods. What is the consolidated cost of sales figure for 2018?

A. GH50 million B. GH90 million C. GH95 million D. GH100 million

3. Addo Plc owns many subsidiaries and 25% of Vivian Plc. In the year ended 31 December 2018, Addo Plc sold goods to Vivian for GH200,000, earning a gross profit margin of 20%. Vivian Plc held GH60,000 of them in its inventories at the year end. By what amount should Addo Plcs cost of sales be increased when preparing its consolidated statement of profit or loss?

A. GH10,000 B. GH12,000 C. GH3,000 D GH15,000