I.  Intercompany transfer of inventory at cost need not be eliminated in consolidation. II. Downstream intercompany transfer of inventory to a 100%-owned subsidiary need not be eliminated in consolidation.   Both statements are false. Both statements are true. Statement I is true; Statement II is false. Statement I is false; Statement II is true.

Q: am.402.

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A: The correct answer is Option (b).

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A:

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A: PPI are prepaid financial instruments these have some value of money stored in them.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.