hi Mr Moffat l wrote my exam yesterday and i passed with 60% all thanks to you... i just have one question though when there is no inventory left does that mean i dont have unreleased profit..the goods were sold by the subsidiary to Parent i just got lost there cz normally there will be inventory left but in this case there was nothing please help me clear my mind i was so disappointed cz that was one of the topics i understood better....thank u once again wouldnt have passed without you
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unreleased profit
7y ago#1Congratulations on passing the exam :-)
If there is no inventory then there is no unrealised profit. Unrealised profit only relates to the profit in inventory that still remains.
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