If an item purchased at a marked-up price from a group company in the previous year is
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If an item purchased at a marked-up price from a group company in the previous year is resold in the current year, group gross profit will increase and group beginning retained earnings will reduce. True/False
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Related Book For 
Advanced Financial Accounting An IFRS Standards Approach
ISBN: 9781285428765
4th Edition
Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah
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