Question: The direction of intercompany sales (upstream or downstream) does not affect consolidation workpaper procedures when the intercompany sales between affiliates are made: a. At fair

The direction of intercompany sales (upstream or downstream) does not affect consolidation workpaper procedures when the intercompany sales between affiliates are made:

a. At fair value

b. Above market value

c. At book value

d. To a 100 percent-owned subsidiary

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