Question
Ltd owns 90% of the ordinary share capital of H Ltd. The inventories of H Ltd on 30 November 2013 include goods purchased from G
Ltd owns 90% of the ordinary share capital of H Ltd. The inventories of H Ltd on 30 November 2013 include goods purchased from G Ltd for 300,000. These goods had been sold to H Ltd by G Ltd at a markup of 50%. The amount of unrealised profit which should be subtracted from group inventories and from group retained earnings is:
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Wiley CIA Essentials Of Internal Auditing Part 1 Exam Review 2023
Authors: S. Rao Vallabhaneni
1st Edition
1119987148, 978-1119987147
