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A related-party transaction: Multiple Choice can take place between subsidiaries of a common parent. is assumed to be an arms-length transaction. presents less risk than
A related-party transaction:
Multiple Choice
- can take place between subsidiaries of a common parent.
- is assumed to be an arms-length transaction.
- presents less risk than a similar transaction with a third party.
- does not need to be disclosed in financial statements prepared under U.S. GAAP.
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Financial And Managerial Accounting
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
4th Edition
1119752620, 978-1119752622
