Unrealised Intragroup Profit in Opening Inventory of a Parent Company

question 11

Multiple Choice

Unrealised intragroup profit in opening inventory of a parent company is:

• A) added to subsidiary profit in calculating NCI share of profit.
• B) subtracted from subsidiary profit in calculating NCI share of profit.
• C) ignored in calculating NCI share of profit.
• D) none of the above.

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Definitions:

Minimum-Wage Laws

Legislation that sets the lowest hourly wage rate that an employer can legally pay their workers.

In-Kind Transfers

Non-monetary transfers of goods or services provided by governments to individuals as part of social assistance programs.

Elasticity of Labor Demand

A measure of how sensitive the quantity of labor demanded by employers is to a change in the wage rate.

Minimum-Wage Laws

Legislation that sets the lowest hourly wage that employers can legally pay their workers, intended to protect workers from exploitation.