A group of entities comprised of Jerry Limited (parent entity), Meghan Limited (subsidiary entity) and Kerry Limited
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Question:
A group of entities comprised of Jerry Limited (parent entity), Meghan Limited (subsidiary entity) and Kerry Limited (subsidiary entity) have the following inventory balances.
- Jerry Limited $61 000
- Meghan Limited $20 000
- Kerry Limited $19 000
Calculate the consolidated inventory balance that would be shown in the consolidated financial statements.
Related Book For
International Financial Reporting and Analysis
ISBN: 978-1408075012
5th edition
Authors: David Alexander, Anne Britton, Ann Jorissen
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