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  3. Study Set
    Advance Accounting
  4. Exam
    Exam 6: Elimination of Unrealized Profit on Intercompany Sales of Inventory
  5. Question
    Why Are Adjustments Made to the Calculation of the Noncontrolling
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Why Are Adjustments Made to the Calculation of the Noncontrolling

Question 36

Question 36

Essay

Why are adjustments made to the calculation of the noncontrolling interest for the effects of intercompany profit in upstream but not in down-stream sales?

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When the subsidiary is the intercompany ...

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