Multiple Choice
A parent company owns 80% of the issued capital of its subsidiary.On consolidation,a sale of inventories between parent and subsidiary will be eliminated as follows:
A) 20% of sale amount.
B) 80% of sale amount.
C) 100% of sale amount.
D) not eliminated.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q24: The useful life of a depreciable asset
Q25: Assuming the same facts as for
Q26: Explain why it is necessary to adjust
Q27: Where service fees are accrued by group
Q28: Using the same facts as Question 14
Q30: Deferred tax assets and liabilities arising from
Q31: An impairment loss will be recognised in
Q32: Dividends paid by the parent company and
Q33: P Ltd lends $200 000 to
Q34: Which of the following accounts cannot be