Hi sir,
Unrealised profit in inventory 300 000 has not been deducted from profit for year attributable to non-controlling interest in 2012DEC Q1 , I just wonder the reason by contrast with 2011 JUNE Q1, which really did this.
Ask the Tutor ACCA FR
2012 DEC Q1 NCI
10y ago#1Because in December 2012 the unrealised profit is adjusted in Viagem's records because it was Viagem that has recognised the profit
In June 2011 it was the subsidiary Sentinel that has recognised the profit when selling to Prodigal
OK?
Thanks
10y ago#3You're welcome
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