Answered: Profits on sale of inventories between…

Profits on sale of inventories between Parent and Subsidiary Companies is when goods are held still as inventories Select one: O a. Recognized O b. Deferred O C. Amortized O d. Realized

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 11MC: Also known as the historical cost principle, ________ states that everything the company owns or...

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Question

Profits on sale of inventories between Parent and Subsidiary Companies is
when
goods are held still as inventories
Select one:
O a. Recognized
O b. Deferred
O C. Amortized
O d. Realized

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