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assosiate

This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.

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November 14, 2010 at 7:45 am #45948
gallant
Member
- Topics: 2
- Replies: 1
hi. plz i want to know the treatment of unrealised profit in case of
up stream transaction
and
down stream transaction &effect in both financail statements.
November 17, 2010 at 4:28 pm #70537
MikeLittle
Keymaster
- Topics: 27
- Replies: 23321
Simply calculate the pup and, if there is an associate involved – either as buyer or seller – adjust for the pup in the ASSOCIATE’S records ( upstream or downstream, it doesn’t matter – ALWAYS adjust through the associate )
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