LOOSE-LEAF Advanced Financial Accounting with Connect
LOOSE-LEAF Advanced Financial Accounting with Connect
11th Edition
ISBN: 9781259605192
Author: Theodore E. Christensen
Publisher: McGraw-Hill Education
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Chapter 7, Problem 7.4C
To determine

Concept Introduction:

Intercompany Sale

Intercompany sale are define as when there is a transaction between two company such as parent company and subsidiaries company or related companies.

Requirement 1

Explain the account balances correspond with the intercompany sale of service adjusted or elimination in consolidated worksheet.

b

To determine

Concept Introduction:

Intercompany Sale

Intercompany sale are define as when there is a transaction between two company such as parent company and subsidiaries company or related companies.

Requirement 2

when will be the intercompany gains to be realized, in case of intercompany sale of service at profit.

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