Answered You can hire a professional tutor to get the answer.
ason we defer financial statement recognition of gross profits on intra-entity sales for goods that remain within the consolidated entity at year end?...
What is the primary reason we defer financial statement recognition of gross profits on intra-entity sales for goods that remain within the consolidated entity at year end?A - Revenues and COGS must be recognized for all intra–entity sales regardless of whether the sales are upstream or downstream.B - When intra–entity sales remain in ending inventory, ownership of the goods has not changed.C - Gross profits must be deferred indefinitely because sales among affiliates always remain in the consolidated group.D - Intra–entity sales result in gross profit overstatements regardless of amounts remaining in ending inventory.
