Perkins Co

Hello Sir,
for PYQ Mar/June 2018
Perkins Co

If the ex-subsidiary of Swanson Co do not sold all the inventory at 1 Sep 20×7 , will the Perkins Co still recognize the full $1m of revenue in its FS?

extract:
“During the period from 1 January 20X7 to 1 September 20X7, Perkins Co sold $1m of goods to Swanson Co at a margin of 30%. Swanson Co had sold all of these goods on to third parties by 1 September 20X7.”

“On 1 September 20X7, Perkins Co sold all of its shares in Swanson Co, its only subsidiary, for $28.64m”

Thank you.