Intracompany Transactions | Consolidated Financial Statements | Advanced Accounting | CPA Exam FAR

This video covers CPA questions covering transaction that occurs between two subsidiaries of the same parent company. For example, if a supplier sells to a retailer, and both are owned by the same conglomerate, this is said to be an intracompany transaction. It should not be confused with an intercompany transaction. This topic is covered an advanced accounting/

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