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What is the amount of the intra-group unrealised profit

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Question - Company K (parent) owns all of the shares of Company J. In relation to the following intra-group transactions, in April 2018, K sold inventory to J for $22 000. This inventory had previously cost K $18000, and 60% of the inventory sold by J to an external party for $25,000 at June of 2018. Assume an income tax rate of 30%. What is the amount of the intra-group unrealised profit?

Reference no: EM132837411

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