Advanced Accounting
Advanced Accounting
12th Edition
ISBN: 9781305084858
Author: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Publisher: Cengage Learning
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Chapter 2, Problem 2UTI
To determine

Concept Introduction: Intercompany elimination refers to the process in which the transactions among the companies that should be included in preparing the consolidation accounts are removed.

To understand: The purpose of elimination process.

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