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A Parent company sells goods to its 80% owned subsidiary during the financial year, some of which remains in the inventory at the year end.

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A Parent company sells goods to its 80% owned subsidiary during the financial year, some of which remains in the inventory at the year end. What is the adjustment required in the consolidated statement of financial position to eliminate the unrealised profit? Decrease group retained earnings and decrease inventory Decrease group retained earnings, decrease non-controlling interest and decrease inventory Increase group retained earnings and increase inventory Increase group retained earnings, increase non-controlling interest and increase inventory

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