question archive The consolidation treatment of profits on inventory transfers that occurred before the business combination depends on whether: the companies were independent at that time
The consolidation treatment of profits on inventory transfers that occurred before the business combination depends on whether: the companies were independent at that time
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The consolidation treatment of profits on inventory transfers that occurred before the business combination depends on whether:
-
- the companies were independent at that time.
- the sale transaction was the result of arm's-length bargaining.
- I
- II
- Both I and II
- Neither I nor II
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