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KBEF

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  • April 18, 2021 at 10:10 am #618074
    84b58e6b440f70734187408bd6f52612ce5694c0bd71f745ba70bc068b5fe24c 80KBEF
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    Please can someone help me with this question.
    Excel ltd acquired 80% of the equity of Same Ltd for $32800.
    Revenue 160000 60000
    Cost of sales 92000 40000

    Same ltd sold to Excel ltd with a sales value of $5600.Excel ltd made a profit of cost plus 25% on these sales.$1680 of these goods(at cost to Same ltd) had not been sold by Excel Ltd.

    How do you go about this?

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