Bass acquired its 70% holding in Miller many years ago. At 31 December 2007 Miller had inventory with a carrying amount of $15,000 purchased from Bass a cost plus 75% What are the effects on non-controlling interest and retained earnings in the consolidated statement of financial position after dealing with the consolidation adjustment required for inventory?

Sep 8, 2023

Bass acquired its 70% holding in Miller many years ago. At 31 December 2007 Miller had inventory with a carrying amount of $15,000 purchased from Bass a cost plus 75% 

What are the effects on non-controlling interest and retained earnings in the consolidated statement of financial position after dealing with the consolidation adjustment required for inventory?

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Bass acquired its 70% holding in Miller many years ago. At 31 December 2007 Miller had inventory with a carrying amount of $15,000 purchased from Bass a cost plus 75% What are the effects on non-controlling interest and retained earnings in the consolidated statement of financial position after dealing with the consolidation adjustment required for inventory?
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