4. Adai LLC owns 70% of the share capital of Loyal LLC. The inventories of Loyal LLC on 31 December 2018 include goods bought from Adai LLC for OMR 105,000. These goods had cost Adai LLC OMR 90,000. A. Explain how these goods should be dealt with in the consolidated statement of financial position at 31 December 2018. B. Critically discuss Unrealized profits as per IFRS10 and what will happen if IFRS 10 is not followed with examples.

4. Adai LLC owns 70% of the share capital of Loyal LLC. The inventories of Loyal LLC on 31 December 2018 include goods bought from Adai LLC for OMR 105,000. These goods had cost Adai LLC OMR 90,000. A. Explain how these goods should be dealt with in the consolidated statement of financial position at 31 December 2018. B. Critically discuss Unrealized profits as per IFRS10 and what will happen if IFRS 10 is not followed with examples.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section: Chapter Questions

Problem 68SGR

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