- This topic has 2 replies, 3 voices, and was last updated 3 years ago by
.
- Posts
Hi Sir, the following question is from BPP, and I have no idea how to answer the question, please suggest. Thank you!
Premier Co acquired 80% of Sanford Co on 1 June 20X1. Sales from Sanford Co to Premier Co throughout the year ended 30 September 20X1 were consistently $1 million per month. Sanford Co made a mark-up on cost of 25% on these sales. At 30 September 20X1 Premier Co was holding $2 million inventory that had been supplied by Sanford Co in the post-acquisition period.By how much will the unrealised profit decrease the profit attributable to the non-controlling interest for the year ended 30 September 20X1?
This forum is primarily designed for students to help one another. If you want the tutor to answer a question directly please ask on following forum –
https://opentuition.com/forum/ask-acca-tutor-forums/
Hope this helps.
- You must be logged in to reply to this topic.