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If there is an upstream intercompany transaction between a parent and a subsidiary which resulted to a gain, how will the subsidiary record the said
If there is an upstream intercompany transaction between a parent and a subsidiary which resulted to a gain, how will the subsidiary record the said gain?
a.The subsidiary will not record it
b.The amount will be pro-rated based on the percentage ownership of the parent
c.The amount will be divided depending on the agreement of the parent and subsidiary
d. The whole amount will be recorded
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