A group of entities comprised of Jerry Limited (parent entity), Meghan Limited (subsidiary entity) and Kerry Limited

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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 answer-question

International Financial Reporting and Analysis

ISBN: 978-1408075012

5th edition

Authors: David Alexander, Anne Britton, Ann Jorissen

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Posted Date: Jul 14, 2023 01:37 AM

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A group of entities comprised of Jerry Limited (parent entity), Meghan Limited (subsidiary entity) and Kerry Limited

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International Financial Reporting and Analysis

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