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Penny Ltd owns all of the shares of Sunny Ltd. During the year ended 30 June 2024, Sunny Ltd sells inventory costing $25,000 to Penny
Penny Ltd owns all of the shares of Sunny Ltd. During the year ended 30 June 2024, Sunny Ltd sells inventory costing $25,000 to Penny Ltd for $30,000. At the year end, half of the goods are still held by Penny Ltd. The unrealised profit to be eliminated on consolidation is: a. $25,000 b. $2,500 c. $30,000 d. $5,000
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Mastering 21st Century Enterprise Risk Management
Authors: Gregory M Carroll
1st Edition
1483510441, 9781483510446
