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Hell to you too! Have you watched the lecture video for both F3 and for F7 which explains the difference between mark-up and margin / gross profit? If you have, then the pup on closing inventory (it doesn’t matter where the closing inventory is – either the parent or the subsidiary) the calculation is exactly the same. If you haven’t watched those videos then …… do so. And if you’re still struggling with the concept, then post again
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