The realization of intercompany inventory and depreciable asset profits is really an adjustment made in the preparation

Question:

“The realization of intercompany inventory and depreciable asset profits is really an adjustment made in the preparation of s to arrive at historical cost numbers.” Explain.
Consolidated Income Statement
When talking about the group financial statements the consolidated financial statements include Consolidated Income Statement that a parent must prepare among other sets of consolidated financial statements. Consolidated Income statement that is...