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What does NCI share of profit mean

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Question - B Ltd sold $10000 worth of inventory to P Ltd at a profit before tax of $5000. The inventory is still on hand at the end of the current year.

1. Why Adjustment to NCI in B Ltd, we need cr. NCI share of Profit?

2. IF P Ltd holds shares in A Ltd which holds shares in B Ltd, and A ltd sold $10000 worth of inventory to P Ltd at a profit before tax of $5000, what adjustment to NCI in A Ltd?

3. What does NCI share of profit mean?

Reference no: EM132453049

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