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Perform eliminating entries on this upstream intercompany

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Question - ABC has one 80% controlled Subsidiary, DFG. DFG purchases 2" steel rods to make fastener with their CNC screw machines. They can make 4" to 1/8' fasteners, screws. When the fasteners are complete they are shipped to ABC at cost. Perform eliminating entries on this upstream intercompany transaction for consolidated financials, why or why not?

Reference no: EM132870534

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