02-09-2010, 10:51 PM
AB LTD owns 705 controlling interest in another entity,and exerts significant influence over EF ltd,an entity in which it holds 30% of the ordinary share capital.During the financial year ended 30April 2010, CD ltd sold goods to AB LTD valued at 80 000.The cost of the goods to CD LTD was 60 000,however 25% of the goods remained in AB LTD'S inventory at 30 April 2010.The group policy is not to charge non-controlling interest with any unrealised profit.
What will be the consolidated reserve amount,
The inventory amount and the
investment in subsidiary.
Please assist
Many thanks
What will be the consolidated reserve amount,
The inventory amount and the
investment in subsidiary.
Please assist
Many thanks
