Question
Where there are transactions between the investor and associate that result in an unrealised profit, the investor's share of the associate's profit is: .adjusted only
Where there are transactions between the investor and associate that result in an unrealised profit, the investor's share of the associate's profit is:
.adjusted only if the transaction is an upstream one.
b.adjusted only if the transaction is a downstream one.
c.adjusted regardless of whether the transaction is an upstream or downstream one.
d.not adjusted at all regardless of whether the transaction is an upstream or downstream one
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Essentials Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0132744376, 978-0132744379
