Trading particulars of Alpha and its 75% controlled subsidiary Beta are shown. During the year Alpha sold

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Trading particulars of Alpha and its 75% controlled subsidiary Beta are shown. During the year Alpha sold goods to Beta for £90,000 and a third of these goods remain unsold with Beta by the yearend. Alpha invoices goods to Beta at cost plus 20%. Identify the realised gross profit of the group.

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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