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Intercompany profits on merchandise sales

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Intercompany profits on merchandise sales;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.

 

Paper#31158 | Written in 18-Jul-2015

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