Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A co owns a controlling investment of 7 0 % od B co . during the year, A co sold goods to B co for

A co owns a controlling investment of 70% od B co . during the year, A co sold goods to B co for 60000 atcost plus 205. at the ear end , B co still had half of the goods in their inventory was 80000. how much inventoryshould be recognized in A co consolidated statement of financial position ?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Volume 2

Authors: Kin Lo, George Fisher

4th Edition

0135220491, 9780135220498

More Books

Students also viewed these Accounting questions

Question

What is goal congruence?

Answered: 1 week ago