The effect of unrealized profits and losses on sales between affiliated companies is eliminated in prepar ing

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The effect of unrealized profits and losses on sales between affiliated companies is eliminated in prepar¬ ing consolidated financial statements. When are profits and losses on such sales realized for consolidated statement purposes?

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Advanced Accounting

ISBN: 9780131851221

9th Edition

Authors: Floyd A. Beams, Robin P. Clement, Suzanne H. Lowensohn, Joseph H. Anthony

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The effect of unrealized profits and losses on sales between affiliated companies is eliminated in prepar ing

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Advanced Accounting

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