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Question 3: (20 points) A. Why must intercompany inventory transfers be eliminated in preparing consolidated financial statements? Explain with an example. (10 points) B. Explain

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Question 3: (20 points) A. Why must intercompany inventory transfers be eliminated in preparing consolidated financial statements? Explain with an example. (10 points) B. Explain with examples, the difference between Arm's-Length Transactions and Non-Arm's- Length Transactions. (10 points)

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