Intercompany Transactions Flashcards
1
Q
Consolidated Amounts
A
Book Value of the Acquiring company plus book value of the company being acquired.
Deduct Intercompany Transactions
2
Q
Intercompany account Deferral of Gains
A
Is added back to Consolidated COGS
3
Q
Intercompany transactions not sold to outside parties
A
Eliminated from Consolidation Financials
4
Q
Intercompany Account of Unrealized Gains
A
Is Subtracted from Consolidated COGS