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The Purchase Order Line Table Is an Intersection Table Required

question 46

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The Purchase Order Line table is an intersection table required to eliminate the many-to-many relationship between the Purchase Order table and the Item table.

Recognize the adjustments necessary for intra-entity sales of inventory in preparing consolidated financial statements.
Identify the effects of the equity method of accounting on consolidation, particularly with regards to intra-entity transactions.
Understand the consolidation process including the elimination of intra-entity transactions.
Analyze the impact of intra-entity sales of inventory on consolidated financial statements.

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