Question
On 15 June 2021, poppy Ltd, a parent company, sold some inventories to its subsidiary, Shelly Ltd for $15000. The original cost of the inventory
On 15 June 2021, poppy Ltd, a parent company, sold some inventories to its subsidiary, Shelly Ltd for $15000. The original cost of the inventory of poppy Ltd was $13000. As of 30 June 2021, Shelly Ltd has not sold any of the inventories purchased from poppy Ltd. During the year ended 30 June 2021, the unrealized profit related to the inventories amounts to.?
a. Nill b. $2000 c. $8000 d. $10,000
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
0324002327, 978-0324002324
