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?
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