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Unformatted text preview: All inventory remains at Year-End Only a portion of inventory remains Unrealized Gross Profit – Year Following Transfer (Year 2) (p.199) Intra-Entity beginning inventory profit adjustment – Downstream sales when parent uses equity method (p. 200) Unrealized Gross Profit – Effect on Noncontrolling Interest Valuation (p. 201) Intra-Entity Land Transfers (p. 214) Accounting for Land Transactions Eliminating unrealized gains – land transfers Recognizing the effect on noncontrolling interest valuation – land transfer Intra-Entity Transfer of Depreciable Assets (p. 216) Deferral of unrealized gains Depreciable assets transfers illustrated Depreciable intra-entity asset transfers – downstream transfers when the parent uses the equity method...
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This note was uploaded on 11/05/2011 for the course ACCT 501 taught by Professor Ma during the Fall '11 term at South Carolina.
- Fall '11