2. The direction of intercompany sales (upstream or downstream) does not affect consolidation workpaper procedures when the

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2. The direction of intercompany sales (upstream or downstream) does not affect consolidation workpaper procedures when the intercompany sales between affiliates are made:

a At fair value b Above market value c At book value d To a 100 percent–owned subsidiary

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Advanced Accounting

ISBN: 9781292214597

13th Global Edition

Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith

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