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Inter-entity transactions Activity 1 Intra-group sale of inventory (The $4 000 ($12 000-$8 000) profit is unrealized on consolidation) Inter-entity transactions Adjustment for unrealized profit
Inter-entity transactions Activity 1 Intra-group sale of inventory (The $4 000 ($12 000-$8 000) profit is unrealized on consolidation) Inter-entity transactions Adjustment for unrealized profit Assume 75% of inventory has been sold to an entity outside for $11000 the group
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
