Solution-Why are worksheet entry required in different

Why are worksheet entry required in different fiscal period

Reference no: EM13503874

James, Inc., sells inventory to Matthews Company, a related party, at James's standard markup. At the current fiscal year-end, Matthews still holds some portion of this inventory. If consolidated financial statements are prepared, why are worksheet entries required in two different fiscal periods?

Reference no: EM13503874

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Why are worksheet entry required in different fiscal period : James, Inc., sells inventory to Matthews Company, a related party, at James's standard markup. At the current fiscal year-end, Matthews still holds some portion of this inventory -why are worksheet entries required in two different fiscal periods?

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Why are worksheet entry required in different fiscal period

Reference no: EM13503874

Reference no: EM13503874

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