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    Exam 11: Consolidation: Intragroup Transactions
  5. Question
    The Effect of an Intragroup Sale of Inventories in a Prior
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The Effect of an Intragroup Sale of Inventories in a Prior

Question 2

Question 2

True/False

The effect of an intragroup sale of inventories in a prior period, where the inventories are still on hand at the end of the current period, is that a credit adjustment is made to inventory in the current period.

Correct Answer:

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