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COS 16. Albert Lid owns many subsidiaries and 25% of Victoria Ltd. In year ended 31 December 2010, Albert Ltd sold goods to Victoria for

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COS 16. Albert Lid owns many subsidiaries and 25% of Victoria Ltd. In year ended 31 December 2010, Albert Ltd sold goods to Victoria for GH$ 400,000, earning a gross profit of 20%. Victoria Ltd held GH& 120,000 of them in its inventories at the year end. By what amount should Albert Ltd's cost of sales be increased when preparing its consolidated income statement? ol

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