Question
A buys 40% of B in a joint venture. At the start of the period (op inv), B has inventory that it bought from A,
A buys 40% of B in a joint venture.
At the start of the period (op inv), B has inventory that it bought from A, where A made a profit. is this profit realized profit or unrealized profit at the end of the period?
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
1259259803, 978-1259259807
