In dealing with transactions between companies, accountants are required to make adjustments to nullify the occurrence. However, sometimes these transactions are a bit more complicated because non-controlling interests are present. Please consider the following questions:

• Discuss fully the components of Up-Stream and Down-Stream transactions
• Create an example of an intercompany transaction and describe the accounting differences between the two if they were being accounted for as either 1) an Up-Stream or 2) a Down-Stream occurrence.
• Describe the differences as it presents itself in regards to Up-Stream and Down-Stream transactions.