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Which of the following is (are) financial reporting objective(s) for intercompany transfer of depreciable assets: Select one: a. Defer intercompany gains. b. All other statements

Which of the following is (are) financial reporting objective(s) for intercompany transfer of depreciable assets: Select one: a. Defer intercompany gains. b. All other statements are correct. c. Defer gains created by intercompany transfers until the subsequent use or resale of the asset consummates the original transaction. d. Re-establish historical cost balances. e. Recognize appropriate income within the consolidated financial statements.

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