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Question 19 0.5 pts Dewy Limited holds a 60% interest in Sakura Limited. Sakura Limited sold inventories to Dewy Ltd during the year for $50
Question 19 0.5 pts Dewy Limited holds a 60% interest in Sakura Limited. Sakura Limited sold inventories to Dewy Ltd during the year for $50 000. The inventories originally cost $30 000. At the end of the year, approximately 70% of the inventories were still on hand. The tax rate was 30%. The NCI adjustment required in relation to this transaction would include which of the following? Dr. NCI $3920 Cr. NCI SHARE OF PROFITS $3 920 Dr. NCI SHARE OF PROFITS $5 600 Cr. NCI $5 600 Dr. NCI SHARE OF PROFITS $3 920 Cr. NCI 3 920 Dr. NCI $5 600 Cr. NCI SHARE OF PROFITS $5 600
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