Thank you Alice and please visit the website for more farhatlectures.com/
@kaysmith9722
2 жыл бұрын
50,000/80,000 is .625 this is the gross profit, not .375.
@alenarminian7914
2 жыл бұрын
he meant to divide 30k/80k
@AccountingLectures
2 жыл бұрын
Yes. 30/80
@AccountingLectures
2 жыл бұрын
It is an error. 30/80
@adamsstreams1334
9 ай бұрын
This is the most important comment and thank you @AccountingLectures for replying
@neatlymessed6341
2 жыл бұрын
Hi Farhat, thank you for this informational video..I have a scenario which could use your help. So if there is a 50% ownership in B ltd and 20% ownership in C ltd by A Ltd..and B and C have inter company transactions. What happens at A ltd(parent level) will the transactions be eliminated completely or partly or what will happen?
@antonmursid3505
2 жыл бұрын
Antonmursid
@ermig319
2 жыл бұрын
does cost of good sold and begging inventory have direct relationship b/c if we have high beginning inventory means we have to purchase low inventory that will lower our cost of good sold so there will be inverse relation b/n them
@AccountingLectures
2 жыл бұрын
The relationship between beginning inventory and COGS is positive or correlated. You are very welcome! Please take a look at my website for more resources: www.farhatlectures.com
@antonmursid3505
2 жыл бұрын
Antonmursid🙏🙏🙏🙏🙏✌👌💝🇮🇩🇮🇩🇮🇩🇮🇩🇮🇩✌👌💝
@dkay2671
2 жыл бұрын
Please clarify if the elimination transactions will have any tax effect for income tax and deferred tax
@alicezhang2292
Жыл бұрын
If the ending inventory is already adjusted through the elimination entry, then why in the next year still have to reduce COGS (reducing inventory again?)
@utubeistehsux
Жыл бұрын
What if 1 company sells a service to another company within the group. They will never give the item/service to a third party.
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