Downstream Sales Eliminating Unrealized Profit | Advanced Accounting CPA Exam FAR Simulation

Intercompany sales of inventory are eliminated, and adjustments made, to report sales revenue, cost of sales, and inventory balances as if the intercompany sale had not occurred. This is an advanced accounting topic. My website: https://farhatlectures.com/ Facebook page: https://www.facebook.com/accountinglectures LinkedIn: https://goo.gl/Pp2ter Twitter: https://twitter.com/farhatlectures Email Contact: [email protected]