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Company A buys 5,000 unitBig Ben, Ltd. is a British subsidiary of a U.S. company and prepares their annual financial statements on a calendar year
Company A buys 5,000 unitBig Ben, Ltd. is a British subsidiary of a U.S. company and prepares their annual financial statements on a calendar year basiss of inventory for a total of $10,000 from an unrelated third-party company. Later, Company A sells these units to its subsidiary, Company B, for $15,000 in an intercompany inventory transaction
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