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How much of the profit is eliminated at the end of the period? H sold inventory to S. The cost of the inventory was 100,
How much of the profit is eliminated at the end of the period?
H sold inventory to S. The cost of the inventory was 100, the selling price was 150. S sold out that inventory for 95 which cost S 60.
H owns 80% of S.
Subjects: group accounting, consolidation, IFRS.
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