P2 consolidated SFPForums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › P2 consolidated SFPThis topic has 1 reply, 2 voices, and was last updated 10 years ago by soooraj.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts November 15, 2014 at 11:15 pm #210297 syahiraParticipantTopics: 1Replies: 0☆I need guidance on Question Beth ( Dec 2007).Note 3 : Beth (parent) sold inventory cost $18m to Gain(associate) for $28m. The inventory was still held by Gain at year end.May I know the accounting treatment for this. To my knowledge, it should beDR retained earnings CR investment in associateBut the answer scheme in revision kit doesnt include in retained earnings. November 16, 2014 at 3:37 pm #210454 sooorajMemberTopics: 12Replies: 70☆☆Syahira you are right but this is correct treatment Dr cre and cr IIA with 10*30%=3AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In