Currimundi Ltd holds a 60% interest in Beach Ltd. Beach Ltd purchases inventories from Currimundi Ltd during the year for $30 000. The inventories originally cost $21 000. At the end of the year 80% of the inventories are still on hand. The tax rate is 30%. The NCI adjustment required in relation to this transaction includes a debit of which of the following?
A) Nil
B) $2016
C) $504
D) $5040
Correct Answer:
Verified
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