Downstream Sales Eliminating Unrealized Profit | Advanced Accounting CPA Exam FAR Simulation
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2018-10-18

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Intercompany sales of inventory are eliminated, and adjustments made, to report sales revenue, cost of sales, and inventory balances as if the intercompany sale had not occurred.  This is an advanced accounting topic.

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