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Determine the amount that should be deducted

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Question - Ruby Sdn Bhd owns 30% of Emerald Sdn Bhd and exercise significant influence over it. Emerald sold goods to Ruby for RM160,000. One-third mark-up on cost. Ruby still had 25% of these goods in inventory at the year end.

Required - Determine the amount that should be deducted from consolidated retained earnings in respect of this transaction.

Reference no: EM132547233

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