Multiple Choice
A Ltd holds a 60% interest in B Ltd.A Ltd sells inventory to B Ltd during the year for $10 000.The inventory originally cost $7 000.At the end of the year 50% of the inventory is still on hand.The tax rate is 30%.The NCI adjustment required in relation to this transaction is a debit of:
A) NIL
B) $420
C) $630
D) $1 050.
Correct Answer:
Verified
Correct Answer:
Verified
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