Intercompany losses recorded on the sale of assets to an affiliate within the consolidated entity should always

Question:

“Intercompany losses recorded on the sale of assets to an affiliate within the consolidated entity should always be eliminated when consolidated are prepared.” Do you agree with this statement? Explain.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...