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Discusses some aspect of consolidated financial statements

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Question 1. Find a article that discusses some aspect of consolidated financial statements (investments, sales, disclosures) and review the FASB code for the topic being discussed. Do you think the article complies with the current FASB code? Why or why not? Be sure to note your source

Question 2. Review intercompany transactions and how they may be reported on the financial statements of each related company. What would result if one company recorded the appropriate transactions from an intercompany transaction but the other company did not? What ethical concerns present themselves if this was an ongoing issue? Be sure to note your source

 

Reference no: EM133551017

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