Identify the treatment of intercompany sale

Reference no: EM133541766

Question: Identify the treatment of intercompany sale of intangible assets in consolidation. Multiple choice question. The treatment is different from intercompany sale of tangible asset Intercompany sale of intangible asset leads to adjustment to tangible asset. Other than netting the accumulated amortization, the treatment is same as intercompany sale of tangible asset Intercompany sale of intangible asset has no impact on the consolidation entries.

Reference no: EM133541766

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