Question: Under the fully adjusted equity method, what is one benefit of making an equity method adjustment to defer unrealized gross profit on inventory transfers? Group
Under the fully adjusted equity method, what is one benefit of making an equity method adjustment to defer unrealized gross profit on inventory transfers?
Group of answer choices
Parent company net income is not equal to consolidated net income.
Parent company net income always increases.
Consolidated net income always increases.
Parent company net income equals consolidated net income.
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