When assets sold within the group are sold later, but within the same reporting period, to an external party, consolidated profit is then invariably the difference between the ultimate selling price and the original cost of the goods.

Question

Quizplus · Accepted Answer

When assets sold within the group are sold later to an external party within the same reporting period, consolidated profit is the difference between the ultimate selling price and the original cost of the goods.

When Assets Sold Within the Group Are Sold Later, but Within