Question: QUESTION 1 1 ( C 5 ) Delphinium Ltd acquired 1 0 0 % of the issued shares of Costas Ltd on 1 July
QUESTION C Delphinium Ltd acquired of the issued shares of Costas Ltd on July X During the year ended June X Costas Ltd sold goods to Delphinium Ltd for $ These goods had cost Costas Ltd $ At the financial yearend, of these goods remained in Delphinium Ltds inventory. Both entities use the perpetual inventory method. Fill in the blank. DOT NOT include commas and dollar sign $ in your answer. Present $ as Required: Based on the information provided above, please fill the table below: The Unrealised profit in closing inventory is: $
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