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Case: Company A has two subsidiaries, S1 and S2, and two associates, AS1 and AS2.
Company A has ownership interests in the subsidiaries and associates as follows:
The following inter-entity transaction took place:
AS1 sold goods to S1 at a profit of $20000. 60 percent of this profit is unrealised by the end of the year. AS1 sold goods to S2 at a profit of $20000. 60 percent of this profit is unrealised by the end of the year.AS1 sold goods to AS2 at a profit of $20000. 60 percent of this profit is unrealised by the end of the year.AS1 sold goods to Company A at a profit of $20000. 60 percent of this profit is unrealised by the end of the year.
Required:
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