Some intercompany gains (losses) are realized for consolidation purposes subsequent to their actual recording by the affiliates,

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“Some intercompany gains (losses) are realized for consolidation purposes subsequent to their actual recording by the affiliates, while others are recorded by the affiliates subsequent to their realization for consolidation purposes.” Explain, referring to the type of gains (losses) that apply in each case.
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Modern Advanced Accounting In Canada

ISBN: 9781259066481

7th Edition

Authors: Hilton Murray, Herauf Darrell

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