Examlex
When there are intercompany sales of inventory during the year and a three-part consolidation workpaper is prepared,elimination entries related to the intercompany sales: I.Always are needed.
II) Are not needed if all the inventory is resold to unrelated parties prior to the end of the year.
Deductible
The amount paid out of pocket by the policyholder before an insurance company will cover the remaining costs attributed to a claim.
Policyholder
An individual or entity that owns an insurance policy, thereby having the insurance cover for specified risks.
Copayment
A fixed amount paid by a patient for healthcare services, with the remaining balance covered by their insurance plan.
Deductible
The amount a person must pay out-of-pocket before an insurance company will cover the remaining costs of a claim.
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