Parent Plc Sells Inventories to Child Plc Amounting to €200

question 27

True/False

Parent Plc sells inventories to Child Plc amounting to €200 000 during the financial year.The inventories are no longer in the hands of Child Plc at year-end.Parent Plc is no longer required to eliminate these intragroup transactions because these transactions have been realised by sale to external parties.

---

Definitions:

Assessing

The process of evaluating or estimating the nature, ability, or quality of something or someone.

Innovation Process

A series of steps that include the generation, development, and implementation of new ideas or products.

Tolerate Criticism

The ability of an individual or organization to accept and constructively use feedback or negative evaluations from others.

Business Model Innovation

The process of designing a new, unique model for a business to create, deliver, and capture value in ways that disrupt or transform the market.