FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The inventory value at the reporting date is GHC5,000 and GHC1000 for the parent and the subsidiary respectively. The value of unrealized profit resulting from

image text in transcribed
The inventory value at the reporting date is GHC5,000 and GHC1000 for the parent and the subsidiary respectively. The value of unrealized profit resulting from sales to the subsidiary is GHC1000. What will be the group's inventory value at the reporting date? A. GHC2,000 B. GHC5,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Wiley CPAexcel Exam Review 2016 Study Guide January Auditing And Attestation

Wiley CPAexcel Exam Review 2016 Study Guide January Auditing And Attestation

Authors: O. Ray Whittington

1st Edition

1119119960, 978-1119119968

More Books

Students also viewed these Accounting questions

Question

★★★★★
What proportion of the variation in the number of missed payments can be explained by the relationship between credit score and default rate that your line describes? Trenton Bank has a scoring...

Answered: 1 week ago

Question

★★★★★
please answer all three parts of the question and pick the multiple choice answers Firm WHOA is a one-year firm that produces a single cash flow next year. Ip the good state, the assets produce S40M...

Answered: 1 week ago

Question

★★★★★
4. Name two personal characteristics that are usually conducive to reaping benefits from positive interventions, and describe the notion of personactivity fit in general.

Answered: 1 week ago

Question

★★★★★
Follow the instructions in the preceding the case in 10.59. Write the audit approach section like the cases in the chapter. In Plane View Whiz Corporation owned 160,000 shares of Wing Company stock,...

Answered: 1 week ago

Question

★★★★★
please help Cash Sales Credit Sales January February March April May June $50,000 $55,000 $43,000 $38,000 $48,000 $80,000 $150,000 $170,000 $130,000 $123,000 $200,000 $170,000 The company is in the...

Answered: 1 week ago

Question

★★★★★
The following information applies to Job 7 3 0 completed by Gibson Manufacturing Company during the month of October. The amount of labor cost for the job was $ 8 1 , 6 5 0 . Applied overhead...

Answered: 1 week ago

Question

★★★★★
Matthews Produce harvests and sells Florida oranges. Matthews has hired you to determine its return on investment (ROI) based on both net book value (NBV) and gross book value (GBV). Financial data...

Answered: 1 week ago

Question

★★★★★
Crane Company offers a five-year warranty on its products. Crane previously estimated warranty costs to be 3% of sales but in 2025 revised this estimate to 1% due to process and quality control...

Answered: 1 week ago

Question

★★★★★
Theresa used her personal savings to purchase the rights to own and operate a Sonic Drive-In rather than starting her own fast-food restaurant. She is most likely to be a(n) Multiple Choice trade...

Answered: 1 week ago

Question

★★★★★
Sandolin Incorporated (SI) is a global, diversified firm whose shares trade on the major Canadian and U.S. stock markets. It owns numerous toll highways, several companies in the energy business, and...

Answered: 1 week ago

Question

★★★★★
ak-II IIIIGI I Iuu- W As a business consultant, you have been hired by a small .0 sneaker manufacturer whose goal is to produce sneakers with sustainably source material and ethical labor practices....

Answered: 1 week ago

Question

★★★★★
4. Should this suspension be upheld? Explain. TerryWilliams is an employee at a unionized plant in Memphis, Tennessee. Williams is a member of and represented by Local #10 of the United Brotherhood...

Answered: 1 week ago

Question

★★★★★
2. Using the same public organization as in Question 1, discuss the similarities between collective bargaining in this organization and a typical negotiation between a private company and its union.

Answered: 1 week ago

Question

★★★★★
7. Why does the federal government have multiple labor management relations models?

Answered: 1 week ago

Previous Question Next Question