What business combination valuation consolidation adjustment

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Question - On 1 January 20X2, A Ltd acquired all the issued shares in B Ltd. At that date, the inventory of B Ltd had a fair value of $20 000 more than its carrying amount. By 30 June 20X2, 70% of the inventory was sold to an entity outside of the group. Ignoring income tax, what the business combination valuation consolidation adjustment against the inventory account as at 30 June 20X2?

Reference no: EM133038628

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