A. Define transfer pricing and elaborate on FOUR (4) of its purposes.
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- Define transfer pricing and elaborate on FOUR (4) of its purposes. B. In deciding a transfer pricing method, advise management on:i. negotiated transfer pricingii. market-based transfer pricing C. Highlight ONE (1) advantageAnswer two questions please 1- What is meant by Transfer price and why transfer prices are needed? 2- Distinguish between Traceable Cost and Common Cost and give examples of each.1 (b) (i) Explain the criteria used for judging a transfer pricing system (ii) Explain the term “ negotiated versus imposed transfer prices “ (iii) Explain two methods of transfer pricing.