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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

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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 Upstream and Downstream 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 Upstream or 2) a Downstream occurrence. - Describe the differences as it presents itself in regards to Upstream and Downstream transactions. Respond per your Syllabus guidelines. Return to Unit 4 Discussion Instructions Unit 5 Discussion 1 Discussion Topic 1: One Plus One Equals One Why are adjustinents niconskry for intercompanty transfers? What are some ways the tinancials woild be wirstuced if thele intertcombany tratiofers were ficht saduusted? Provide an exarnple an how a tirm could inumpertite the firh s finavolal position and haw these intercomparn entries fix this groblets

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