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Explain the process involved to

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Explain the process involved to;1.Defer intercompany profits on merchandise sales when appropriate and eliminate the double counting of sales between affiliates.;2.Defer profits on intercompany sales of long-term assets and realize the profits over the period of use and/or at the time of sale to a firm outside the consolidated group.;Just needs to be a short answer for each one. Thank you

 

Paper#19294 | Written in 18-Jul-2015

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