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During the current period, Ambrose Limited sold inventories to its parent entity at a profit of $6 000. The inventories cost Ambrose Limited $18 000.
During the current period, Ambrose Limited sold inventories to its parent entity at a profit of $6 000. The inventories cost Ambrose Limited $18 000. At balance sheet date the parent had sold 50% of the inventories to an external party. The consolidation adjustment entry (excluding tax effects) will eliminate unrealised profit amounting to: O $6 000. O $9 000 O $3 000. O $18 000
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