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- This week we review intercompany transactions and how they may be reported on the financial statements
of each related company. What would result if one company recorded the appropriate transactions from an
intercompany transaction but the other company did not? What ethical concerns present themselves if this was
an ongoing issue? Be sure to note your source and in-text citation in APA format and cite any corresponding
FASB code. - Find an article that discusses some aspect of consolidated financial statements (investments, sales,
disclosures) and review the FASB code for the topic being discussed. Do you think the article complies with the
current FASB code? Why or why not? Be sure to note your source and in-text citation in APA format and cite
any corresponding FASB code.
Sample Solution
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