Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Chapt 3: Marketable securities and Business Combinations > Intercompany Transaction > Flashcards

Intercompany Transaction Flashcards

You may prefer our related Brainscape-certified flashcards:
SIE Exam flashcards
1
Q

Intercompany sale

A

= Sales of Company A+ Sales of Company B- Sales reported in consolidated Financial statement. Intercompany sale is eliminated

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

How to calculate intercompany receivable/payable

A

use either receivable accounts or payable accounts.
receiv. A + Receiv B - Consolidated receivab/or payable.
because what is receivable for one will be payable for the other

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Chapt 3: Marketable securities and Business Combinations (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions