Question
Maddie Ltd holds 80% interest in Emily Ltd. Emily Ltd sells inventory to Maddie Ltd during the year for $15 000. The inventories originally cost
Maddie Ltd holds 80% interest in Emily Ltd. Emily Ltd sells inventory to Maddie Ltd during the year for $15 000. The inventories originally cost $13 000 when purchased from an external party. At the end of the year all inventories are still on hand. The tax rate is 30%. The NCI adjustment to this intragroup transaction is a debit to NCI of:
a.Nil.
b.$400
c.$280
d.$600
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The Concept And Objectives Of Quality Auditing ISO 9001Total Quality Management
Authors: Mahmoud Fadhel Idan
1st Edition
6202795158, 978-6202795159
