Solved: The inventory originally cost 14000 at the end of the year, Accounting Basics

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The inventory originally cost 14000 at the end of the year

Moffat Ltd holds a 60% interest in Beach Ltd. Beach Ltd sells inventory to Moffatt Ltd during the year for $20,000. The inventory originally cost $14,000. At the end of the year 80% of the inventory is still on hand. The tax rate is 30%. Show the NCI adjustment required in relation to this transaction.

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Accounting Basics: The inventory originally cost 14000 at the end of the year

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Accounting Basics: The inventory originally cost 14000 at the end of the year

Reference No:- TGS02605271

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