F1 Exam Dumps : Financial Reporting

Typical credit terms operating within the industry

Risk of non-payment

Selling price of the goods being sold to the customer

Bargaining power of the customer

Number of suppliers

Discount offered by suppliers for early payment

$400,000

$1,190,000

$1,600,000

$810,000

The adjustments to resolve this disagreement, need to be accelerated, so they can be included in the consolidation of assets for the CSOFP for 20X4

£150,000 worth of inventory will be debited into the subsidiary's inventory account

As the goods have not reached the subsidiary by the end of the financial year 20X4, they will be included in the CSOFPfor the next financial year

£150,000 worth of inventory will be credited into the subsidiary's inventory account

£150,000 will be debited to the payables account of the parent company

£150,000 will be credited to the payables account of the subsidiary company

£150,000 will be credited into the receivables account of the parent company