Question: 12 12 Discussion IB 1. In applying the equity method of accounting for an Equity Investment, profit on intercompany sales of assets are eliminated

12 12 Discussion IB 1. In applying the equity method of accounting

12 12 Discussion IB 1. In applying the equity method of accounting for an Equity Investment, profit on intercompany sales of assets are eliminated (FASB ASC 323-10-35-5) Why? dd therec transferred assets be accounted

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