ACCA SBR

ACCA Strategic Professional (Essentials) — Strategic Business Reporting (SBR)

Financial Statements Of GroupsEnglish
Exam overview

Practice session

Parent owns 100% of Sub. During the year Parent sold inventory to Sub for $50,000, marking up cost by 25%. At year-end, Sub still holds 40% of these goods. What is the unrealised profit to be eliminated on consolidation?

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