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In asc 845, inventory purchase and sale transactions with the same counterparty that are entered into in contemplation of one another should be: A. treated

In asc 845, inventory purchase and sale transactions with the same counterparty that are entered into in contemplation of one another should be: A. treated as two separate and distinct transactions B. combined and treated as a single exchange C. treated as a hybrid consisting of one transaction at fair value and the other at carrying value D. combined or treated as two transactions based on the ratio of boot to the total transaction cost

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