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Describe the concepts associated with transfers of services and long-term assets. What is an upstream sale? Which company may have unrealized profits on its books
- Describe the concepts associated with transfers of services and long-term assets.
- What is an upstream sale? Which company may have unrealized profits on its books in an upstream sale? Why?
- A parent company may use on its books one of several different methods of accounting for its ownership of a subsidiary: (a) cost method, (b) modified equity method, or (c) fully adjusted equity method. How will the choice of method affect the reported balance in the investment account when there are unrealized intercompany profits on the parents books at the end of the period?
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Energy Audit And Management Concept Methodologies Procedures And Case Studies
Authors: L. Ashok Kumar, Gokul Ganesan
1st Edition
978-1032067797
