y Only P to A pup are deducted from COI and not a to p PUP from COI in Associates
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Cost Of investement In Associates
Hi,
Have you looked at the videos and class notes for this? I believe that it clear it up there but please come back if it doesn't. The key in the adjustment is all about the direction of travel of the PURP and where the inventory is held at the reporting date.
Thanks
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