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During 2018, Edwards Co. sold inventory to its parent company, Forsyth Corp. Forsyth Corp. still owns the entire amount of inventory purchased at the end

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During 2018, Edwards Co. sold inventory to its parent company, Forsyth Corp. Forsyth Corp. still owns the entire amount of inventory purchased at the end of 2018. 1. Why should the gross profit from the sale be deferred when preparing the consolidated financial statements at the end of 2018? 2. How much sales should you cancel if you know that the parent company owns 90% of the subsidiary while the purchase value was 200,000 dinars from Edwards stock in 2018. The conversion profit was equal to 30% of the sales price? 3. How do stock transfers in the upstream concept differ from the downstream concept, and what is their impact on consolidation at the end of the year

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