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navik [9.2K]
3 years ago
10

The accounting effects of inventory sales across companies within a consolidated entity are removed when preparing consolidated

financial statements because:_______
Business
1 answer:
liraira [26]3 years ago
3 0

Answer:

The accounting effects of inventory sales across companies within a consolidated entity are removed when preparing consolidated financial statements because:

<em>- usually from a consolidated statements, transactions with outside parties are only reflected. </em>

<em>- usually from a consolidated perspective, there is neither a sale nor a purchase has occurred.</em>

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