Parent Ltd sells inventories to Child Ltd amounting to $200 000 during the financial year.The inventories are no longer in the hands of Child Ltd at year-end.Parent Ltd is no longer required to eliminate these intragroup transactions because these transactions have been realised by sale to external parties.
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Q2: Intragroup profits are eliminated in consolidation to
Q3: Intragroup profits are eliminated in consolidation to
Q4: If a subsidiary makes a dividend payment
Q5: In the absence of an election to
Q6: Intragroup sales of non-current assets results in
Q7: The level of equity ownership is not
Q8: Only dividends paid externally should be shown
Q9: If we simply aggregate the sales of
Q10: Intragroup transactions that are to be eliminated
Q11: AASB 10 Consolidated Financial Statements prescribes that
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