On 1 January 2019 A Ltd acquired all the issued shares in B Ltd. At that date

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On 1 January 2019 A Ltd acquired all the issued shares in B Ltd. At that date the inventory of B Ltd had a carrying amount of $5 000 less than its fair value. The inventory was all sold by 30 June 2021. The tax rate is 30%.

At 30 June 2022 what will be the consolidation adjustment against inventory in relation to the transaction?

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Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Apr 11, 2023 06:33 AM

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On 1 January 2019 A Ltd acquired all the issued shares in B Ltd. At that date

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The consolidation adjustment against inventory in relation to the transaction will depend on the acc... View the full answer

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