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When an entity sells a non-current asset at a profit to another entity within the same group, which of the following adjustments is necessary on consolidation?
Quality of Goods
The degree to which goods meet the specified or implied criteria, often assessed in terms of durability, reliability, and performance.
Holder in Due Course
A party that has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be asserted against the original payee.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
Bill of Lading
A legal document issued by a carrier to a shipper, detailing the type, quantity, and destination of the goods being carried.
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