- This topic has 2 replies, 3 voices, and was last updated 3 months ago by
adilomax.
adilomax.-
Posts
-
Annora
- Topics: 6
- Replies: 5
- ☆
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?
mrjonbain
- Topics: 1
- Replies: 1216
- ☆☆☆☆☆
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.
adilomax
- Topics: 0
- Replies: 3
- ☆
Amount to be reduced from Non-Controlling Interest:
$2000000 x 25/125 x 20% = $80000
Annora
mrjonbain
adilomax
- You must be logged in to reply to this topic.