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For each of the following intercompany transactions, state the principle to be used in accounting for intercompany gains on current and future consolidated income statements:
For each of the following intercompany transactions, state the principle to be used in accounting for intercompany gains on current and future consolidated income statements:
a
Gains on merchandise sales
b
Gains on the sale of land
c
Gains on the sale of depreciable fixed assets
d
Interest on intercompany notes
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