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On 1/1/2019, P acquired 80% of S, at that date R.E. balance for S is 60000 JD. During the year Scompany sold goods to P
On 1/1/2019, P acquired 80% of S, at that date R.E. balance for S is 60000 JD. During the year Scompany sold goods to P company, the ending inventory on 31/12/2019 had unrealized profits 40000 JD. On 1/1/2020. RE. balance for Pis 128000 JE for S is 95000 JD. Compute R.E. balance for P on 31/12/2020 after recording work paper adjusting entries Select one a. 160000 b. 96000 c. 188000 d. 124000
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