Lecture Advanced accounting (12/e): Chapter 5 - Joe B. Hoyle, Thomas F. Schaefer, Timothy S. Doupnik

Chapter 5 - Consolidated financial statements – Intra-entity asset transactions. Intra-entity asset transactions take several forms. In particular, inventory transfers are especially prevalent. However, the sale of land and depreciable assets also can occur between the parties within a combination. This chapter examines the consolidation procedures for each of these different types of intra-entity asset transfers.