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this question pertains to consolidated financial statements. Please help me calculate revenue with the following information provided: ICE ltd acquired interest in Vapour ltd, ICE
this question pertains to consolidated financial statements.
Please help me calculate revenue with the following information provided:
ICE ltd acquired interest in Vapour ltd, ICE purchased all its inventory from vapour and vapour sold its inventory at a cost plus of 25% profit.Inventories on hand for ice and vapur at beginning were 36 000 and 48 000 respectively. At the end it was 45 000 and 72 000 respectively.
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