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Intra-entity transfers between the component companies of a business combination are quite common. a) Why do these intra-entity transactions occur so frequently. b) Why should

Intra-entity transfers between the component companies of a business combination are quite common.

a) Why do these intra-entity transactions occur so frequently.

b) Why should these intra-entity transactions be adjusted or eliminated?

c) What happens if not adjusted or eliminated?

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