A Ltd Sells Inventory to Its Parent P Ltd for $60

question 9

Multiple Choice

A Ltd sells inventory to its parent P Ltd for $60 000 representing a mark-up of 50% on cost.At year-end,3/4 of the goods are still held by P Ltd.The unrealised profit to be eliminated on consolidation is:

• A) $20 000.
• B) $15 000.
• C) $30 000.
• D) $10 000.

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Definitions:

External Os

The opening of the cervix that leads into the vagina in the female reproductive system.

Fundus

The upper part of the stomach, which connects to the esophagus, or the bottom interior surface of the eyeball.

The Body

is the physical structure, including all its organs and tissues, of a living organism, especially that of a human or animal.

Uterine Tubes

The uterine tubes, also known as fallopian tubes, are the ducts through which eggs travel from the ovaries to the uterus.