Review intercompany transaction and how they may be reported

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Reference no: EM131813805

Problem

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 and in-text citation in APA format and cite any corresponding FASB code.

Reference no: EM131813805

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