Business, 09.09.2019 18:30 Toni1816

Parrot corporation holds a 42 percent ownership of sunrise, inc., and applies the equity method to account for its investment. parrot assigned the entire original excess purchase price over book value to goodwill. during 2017, the two companies made intra-entity inventory transfers. a portion of this merchandise was not resold until 2018. during 2018, additional transfers were made. what is the difference between upstream transfers and downstream transfers? how does the direction of an intra-entity transfer (upstream versus downstream) affect the application of the equity method?

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Parrot corporation holds a 42 percent ownership of sunrise, inc., and applies the equity method to a...

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