A Limited holds a 80% interest in B Limited. A Limited sells inventory to B...
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Accounting
A Limited holds a 80% interest in B Limited. A Limited sells inventory to B Limited during the year for $15,000. The inventory originally cost $8,000. At the end of the year 40% of the inventory is still on hand. The tax rate is 30%. The NCI adjustment required in relation to this transaction is a debit of:
| $1,960. | ||
| $392. | ||
| $2,800. | ||
| $Nil. |
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