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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?
