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Intercompany Profit Transactions - 02.20.18
Intercompany Profit Transactions - 02.20.18
UPSTREAM – S sells to P
The parent recognizes the profit
NCI is not affected
Because the profit pertains solely to the owners of
Parent
The Subsidiary recognizes the profit.
NCI is affected because the profit pertains
to both the owners of S and NCI
Sale of Inventories