Downstream Sales and Upstream Sales: Simplified. CPA exam

In this session, I explain downstream sales and upstream sales as their related to equity method.
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[@dondatrader5609]

I’m only in my 2nd semester of my freshman year & I already have a complete understanding of intermediate 1,2 learning through textbooks. However the advanced accounting textbooks have been a bit hard to comprehend and you have simplified the concept. Thank you

[@sigalabergel916]

Farhat you’re the best teacher ever!

[@AccountingLectures]

Most welcome. Here's my advanced accounting course: farhatlectures.pathwright.com/library/advanced-accounting/about/

[@nicolasutf8633]

This is brilliant. I was struggling with a specific part of the level 2 of the CFA, in Financial Statement Analysis. Now it is clear, thank you very much.

[@AccountingLectures]

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[@Dipsy827]

Why are we reducing income on the investment line item for unsold inventory relating to a downstream sale instead of reversing the revenue and costs associated with the initial sale at the parent level?

[@hamadrsalsalem9416]

What if two subsidiaries trasact with each other? Or two associates transact with each other?