Question
A group of entities comprised of Jerry Limited (parent entity), Meghan Limited (subsidiary entity) and Kerry Limited (subsidiary entity) have the following inventory balances. -
A group of entities comprised of Jerry Limited (parent entity), Meghan Limited (subsidiary entity) and Kerry Limited (subsidiary entity) have the following inventory balances.
- Jerry Limited $61 000
- Meghan Limited $20 000
- Kerry Limited $19 000
Calculate the consolidated inventory balance that would be shown in the consolidated financial statements.
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
