Intracompany Transactions | Elimination Entries | Advanced Accounting | CPA Exam FAR p 2 of 2

This video covers CPA questions covering transaction that occurs between two subsidiaries and parent company as well as elimination entries 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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