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Bubbles Ltd owns 80% of the shares in Sparkles Ltd. On 1 September 2019 Bubbles Ltd sold inventory to Sparkles Ltd at a profit of

Bubbles Ltd owns 80% of the shares in Sparkles Ltd. On 1 September 2019 Bubbles Ltd sold inventory to Sparkles Ltd at a profit of $10,000. By 30 June 2020, Sparkles Ltd has 20% of the inventory still on hand. The impact of this transaction will decrease the NCI share of profit at 30 June 2020. True or False

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