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Forums › ACCA Forums › ACCA FR Financial Reporting Forums › Associate transaction
Can anyone give me explanation for this question :
Parents company sold goods to 30% associate amounted $800,000 20% margin and associate sold goods to paretnts amounted $420,000 25% margin. None of these goods sold at year end. By how much should revenue and cos reduced by way of cancellation?
The answer is nill.
Many thanks…
