PURP – Q373 Parentis ACCA Kaplan Exam Kit

Hi,

I’m unsure how they have found the Purp for working 2 – Net assets of S at Acquisition.

(iii)Offspring sold Parentis goods for $15 million in the post acquisition period. $5 million of these goods are included in the inventory of Parentis at 31 March 2007. The profit made by Offspring on these sales was $6 million.

If someone could help it would be much appreciated.