Multiple Choice
A Ltd sells inventory to its parent P Ltd for $60 000 representing a mark-up of 50% on cost.At year-end,3/4 of the goods are still held by P Ltd.The unrealised profit to be eliminated on consolidation is:
A) $20 000.
B) $15 000.
C) $30 000.
D) $10 000.
Correct Answer:
Verified
Correct Answer:
Verified
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