It owns 80% of the shares of Y and on 1/1/2014 sold the subsidiary company Y to the holding company of goods at a price of 80,000 dinars in cash, and the cost of the goods on the subsidiary reached 100,000 dinars, 5/18/2015 75% of the goods were sold to external parties at a price of 60,000 dinars The rest was sold on 9/15/2016 at a price of 35,000. The subsidiary company for the years 2014, 2015 and 2016 achieved successively 80,000 dinars profit, 60,000 dinars loss and 50,000 dinars profit.

Required

1- Record the working paper records for the goods sold by the subsidiary to the holding, which are recorded on 12/31/2014 at the consolidated financial statements.

2- How much of the goods will appear in the consolidated budget for the year 2015 of those goods sold from the subsidiary to the holding company

3- Calculating the amount of the non-controlling interest's share of the profits or losses of the subsidiary company for the 2015, 2016.

Answer rating: 100% (QA)

PART 1 WORKING PAPER RECORDS FOR GOODS SOLD BY SUBSIDERY TO HOLDING WHICH ARE TO BE RECORDED ON 1231... View the full answer