apter $05$ HW $($MC$)$ i

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$4$ What is the primary reason we defer financial statement recognition of gross profits on intra$-$entity sales for goods that remain within the consolidated entity at year$-$end?

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When intra$-$entity sales remain in ending inventory, control of the goods has not changed.

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Gross profits must be deferred indefinitely because sales among affiliates always remain in the consolidated group.

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