C_S4FCC_2021 · Question #66
What are the required settings for the elimination of intercompany profit in inventory method? Note: There are 2 correct answers to this question.
The correct answer is A. Partner inclusion D. Selection of percentages. In the elimination of intercompany profit in inventory method, Partner inclusion is required to specify which partners are involved in the transaction. Selection of percentages is needed to determine the proportion of intercompany profit to be eliminated.
Question
What are the required settings for the elimination of intercompany profit in inventory method? Note: There are 2 correct answers to this question.
Options
- APartner inclusion
- BPercent from partner
- CPercentage periodic
- DSelection of percentages
How the community answered
(26 responses)- A73% (19)
- B19% (5)
- C8% (2)
Explanation
In the elimination of intercompany profit in inventory method, Partner inclusion is required to specify which partners are involved in the transaction. Selection of percentages is needed to determine the proportion of intercompany profit to be eliminated.
Topics
Community Discussion
No community discussion yet for this question.