explain accounting transactions pertain to inter-company notes, show how the actual accounting procedures take place, Also, identify some of the issues that the accountant may face on the topics above. For example, you may want to explain how long-term construction contracts are accounted for and some of the issues that are faced for financial reporting purposes. Please also select, whenever possible, a different topic than your classmate has taken in order to avoid duplication of answers.

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Accounting transactions related to intercompany notes involve recording financial activities between companies within the same group Lets break down the actual accounting procedures 1 Recording the No... View the full answer