Fostoria Corporation has several consolidated subsidiaries. What citation explains how intra-entity transactions are treated? This includes intra-entity sales and purchases of inventory. The same question, said another way: How should we treat intra-entity profit on assets remaining within the consolidated group? FASB ASC __ 810 -_______________________________ 

Question 2: What citation provides authoritative GAAP guidance in accounting for foreign currency transaction gains and losses? FASB ASC __830 -_______________________________

Question 3: What citation provides GAAP guidance for reporting the translation adjustments which result from the process of translating an entitys financial statements into the reporting currency? FASB ASC __830 -________________________

Answer rating: 100% (QA)

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