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ntercompany profit elimination entries in consolidation workpapers are prepared in order to: a Nullify the effect of intercompany transactions on consolidated statements b Defer intercompany

ntercompany profit elimination entries in consolidation workpapers are prepared in order to:

a Nullify the effect of intercompany transactions on consolidated statements

b Defer intercompany profit until realized

c Allocate unrealized profits between controlling and noncontrolling interests

d Reduce consolidated income

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