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what is the amount of the unrealised profit to be eliminated if the parent year end inventory include at 540000 goods invoiced to it by its 60% owned subsidary at cost plus 25%

April 28, 2020

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following are balances of MPPL Limited on 31.3.2019:- Equity share capital = 1000000, General reserve= 350000, P&L = 70000, HLtd. Acquired 80% share on 31st July 2018, balances of General reserve= 50000 and P&L = 250000 on 1.4.2018. find share of Minority Post acquisation profit

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subsidary inventory at the year end included 180000 purchased from its parent, further goods invoiced by parent is 45000 were in transit. The parent invoiced subsidary on cost plus 20% . The amount of unrealised profit will be ????

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