Give four examples of inter-company income and expense transactions that will need to be eliminated on consolidation
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Give four examples of inter-company income and expense transactions that will need to be eliminated on consolidation and explain why each is necessary.
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1 Intercompany sales When one subsidiary sells goods or services to another subsidiary within the same group it results in intercompany revenue This r...View the full answer
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Related Book For 
Financial Accounting And Reporting
ISBN: 9781292399805
20th Edition
Authors: Barry Elliott, Jamie Elliott
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