Unrealised profits on the intragroup sale of inventory will only be eliminated on consolidation in the year in which they arise.

Name: Unrealised profits on the intragroup sale of inventory will only be eliminated on consolidation in the year in which they arise.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Unrealized profits on intragroup sales of inventory are eliminated in the year in which they arise, as well as in subsequent years until the inventory is sold to external parties. This is in accordance with IFRS standards.

Unrealised Profits on the Intragroup Sale of Inventory Will Only