9. Some accountants have advocated the elimination of intercompany profit in the parent companys ending inventories only
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9. Some accountants have advocated the elimination of intercompany profit in the parent company’s ending inventories only to the extent of the parent’s ownership interest in the partially owned selling subsidiary. What is an argument in opposition to this treatment of intercompany profit in the parent company’s ending inventories?
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Kalyan M. Ranwa
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