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  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 9: Intercompany Inventory Transfers
  5. Question
    Under Current GAAP, the Amount of Intercompany Profit or Loss
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Under Current GAAP, the Amount of Intercompany Profit or Loss

Question 17

Question 17

True/False

Under current GAAP, the amount of intercompany profit or loss to be deferred for consolidated reporting purposes is not affected by the existence of a noncontrolling interest.

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