Given that 1/3 of the N6000 stock held by a branch is purchased from outsiders.
FINANCIAL
JAMB 2002
Given that 1/3 of the N6000 stock held by a branch is purchased from outsiders. If goods are invoiced to branch at 25% on cost, the provision for unrealized profit is?
- A. N1000.00
- B. N333.33
- C. N666.66
- D. N800.00
Correct Answer: D. N800.00
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