Ariel owns 80% of the ordinary share capital of Stack. Stack sells goods for resale...
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Accounting
Ariel owns 80% of the ordinary share capital of Stack. Stack sells goods for resale to Ariel at cost plus 50%. Ariel had goods purchased from Stack in inventory at the groups year end valued at $66,000.
At what amount will these goods be included in inventory in the consolidated statement of financial position?
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