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Many companies transfer inventories from one subsidiary to another. Often the companies have integrated operations in which one subsidiary provides raw materials, another manufactures finished

Many companies transfer inventories from one subsidiary to another. Often the companies have integrated operations in which one subsidiary provides raw materials, another manufactures finished products and another distributes and perhaps another sells the product at retail. Required: Discuss how intercompany transfers should be treated for consolidation purposes. NB: make reference to the related IFRSs an IASs in your discussion.

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