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
Answer is D
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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
Answer is D
