Unrealised profit between parent and associate

This topic has 1 reply, 2 voices, and was last updated 15 years ago by MikeLittle.

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November 27, 2010 at 12:20 pm #46292
zh0510
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- Topics: 2
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How is unrealised profit between parent and associate treated?
1)when parent is the seller
2)when associate is the seller

thank you.
November 28, 2010 at 6:46 am #71803
MikeLittle
Keymaster
- Topics: 27
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In BOTH situations, adjust for the pup in the records of the Associate – trust me, that’s the easiest way of dealing with it!
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