What is the primary reason we defer financial statement recognition - ProProfs Discuss
Menu
SearchAsk a Question+ Ask Question
Advertisement
  1. Business
  2. Investment

What is the primary reason we defer financial statement recognition of gross profits on intra-entity sales for goods that remain within the consolidated entity at year-end?

What is the primary reason we defer financial statement recognition of gross profits on intra-entity sales for goods that remain within the consolidated entity at year-end?<br/>

Change Image    Delete

Asked by Zdavis, Last updated: Dec 07, 2024

+ Answer
Request
Share
Question menu
Vote up Vote down

1 Answer

zdavis5291

zdavis

zdavis5291
Zdavis

Answered Aug 29, 2019

When intra-entity sales remian in ending inventory, ownership of the goods has not changes
upvote downvote
Reply 

More Investment Questions

Ask Your Own Question
Advertisement
Advertisement
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
CancelLoader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
CancelLoader
Image Preview
Search for Google images Google Image Icon
Select a recommended image
Upload from your computer Loader
CancelLoader

Email Sent
We have sent an email to your address "" with instructions to reset your password.