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Good discussion here and example with Walmart. You bring up a good topic with eliminations. Each company has to eliminate any intercompany balances with the

Good discussion here and example with Walmart. You bring up a good topic with eliminations. Each company has to eliminate any intercompany balances with the other companies. We might have a receivable from our division in Japan and they would need to show a payable to us for the same exact amount for example. We would need to eliminate the intercompany sales between companies or else when we combine our results, these are not true sales

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