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Note Ltd is an associate of Sound Ltd.Sound Ltd owns 20% of Note Ltd's issued capital.During the current financial year, Note Ltd sold inventory to Sound Ltd at a profit to Note Ltd of $100 000.All inventory is on hand at the end of the current year.Note Ltd reported a profit of $250 000 for the current year.What is Sound Ltd's share of Note Ltd's current period profit?
Republican Party
One of the two major contemporary political parties in the United States, traditionally espousing conservative and pro-business policies.
Democratic Participation
Involves the active involvement of individuals in political processes and decision-making, which can include voting, campaigning, and engaging in public discourse.
Economic Inequality
The unequal distribution of wealth, income, or resources among individuals, communities, or countries, leading to disparities in living standards and opportunities.
Quasi-War
An undeclared naval conflict between the United States and France from 1798 to 1800.
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