The process of excluding intercompany transactions in preparing consolidated statements is referred to as intercompany eliminations.

Name: The process of excluding intercompany transactions in preparing consolidated statements is referred to as intercompany eliminations.
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Intercompany eliminations are the process of removing intercompany transactions from consolidated financial statements to avoid double counting of revenues, expenses, assets or liabilities.

The Process of Excluding Intercompany Transactions in Preparing Consolidated Statements