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    Business
  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 8: Introduction to Intercompany Transactions
  5. Question
    When Unrealized Intercompany Profit Is Deferred for Consolidated Reporting Purposes
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When Unrealized Intercompany Profit Is Deferred for Consolidated Reporting Purposes

Question 34

Question 34

Short Answer

When unrealized intercompany profit is deferred for consolidated reporting purposes, it is also necessary to defer any ___________________________________ that have been recorded on that profit.

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