Question
Green Group holds a 65% interest in its consolidated subsidiary, Blue Group at 31 December 20X1. The inventory held by Green Group was purchased from
Green Group holds a 65% interest in its consolidated subsidiary, Blue Group at 31 December 20X1. The inventory held by Green Group was purchased from Blue Group for 60,000. It was purchased at cost plus 25%. What figure, in respect of inventory, should be included in the Green Group's consolidated financial statements? 45000 60000 48000 39000
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Accounting For Managers Text And Cases
Authors: William J. Bruns
3rd Edition
0324291213, 978-0324291216
