A Ltd holds a 60% interest in B Ltd. B Ltd sells inventory to A...
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Accounting
A Ltd holds a 60% interest in B Ltd. B Ltd sells inventory to A Ltd during the year for $10 000. The inventories originally cost $7 000 when purchased from an external party. At the end of the year all inventories are still on hand. The tax rate is 30%. The NCI adjustment to this intragroup transaction is a debit to NCI of?
(can someone pls explain the calculations?)
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