Would failure to eliminate unrealized profit in inventories at December 31, 2011, have any effect on consolidated

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Would failure to eliminate unrealized profit in inventories at December 31, 2011, have any effect on consolidated net income in 2012? 2013?

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Oct 17, 2011 05:03 AM

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Would failure to eliminate unrealized profit in inventories at December 31, 2011, have any effect on consolidated

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Yes If unrealized profits are not eliminated at year end co...View the full answer

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