When there are intercompany sales of inventory during the year and a three-part consolidation worksheet is prepared, consolidation entries related to the intercompany sales:I. Always are needed. II. Are not needed if the entire inventory is resold to unrelated parties prior to the end of the year.
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Home » Business » When there are intercompany sales of inventory during the year and a three-part consolidation worksheet is prepared, consolidation entries related to the intercompany sales:I. Always are needed. II.