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Starting from the separate inventory balances of the affiliates, the consolidated inventory balance will be affected by all of the following, except: A. Excess of inventory FV over BV of the subsidiary at the date of acquisition B. Unrealized profit on ending inventory C. Realized profit on beginning inventory  D. Amortization of the excess of inv

Starting from the separate inventory balances of the affiliates, the consolidated inventory balance will be affected by all of the following, except: A. Excess of inventory FV over BV of the subsidiary at the date of acquisition B. Unrealized profit on ending inventory C. Realized profit on beginning inventory  D. Amortization of the excess of inv

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Starting from the separate inventory balances of the affiliates, the consolidated inventory balance will be affected by all of the following, except:

A. Excess of inventory FV over BV of the subsidiary at the date of acquisition

B. Unrealized profit on ending inventory

C. Realized profit on beginning inventory 

D. Amortization of the excess of inventory FV over BV of the subsidiary at the date of acquisition

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