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On 1 June 2024, Ally Ltd acquires 30% of equity interest in Sally Ltd. If Ally Ltd and Sally Ltd transfer inventory to each other
On 1 June 2024, Ally Ltd acquires 30% of equity interest in Sally Ltd. If Ally Ltd and Sally Ltd transfer inventory to each other that results in an unrealised profit, Ally Ltd's share of the Sally Ltd's profit will: a. not affected unless the inventory transfer is made from Ally Ltd to Sally Ltd b. be affected only if the inventory transfer is made from Sally Ltd to Ally Ltd Pc. not affected at all d. be affected regardless of whether the inventory transfer is made from Sall Ltd to Ally Ltd or vice versa
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