Sales of assets from the entity to its associate or its joint venture is an example of a downstream transaction.

Name: Sales of assets from the entity to its associate or its joint venture is an example of a downstream transaction.
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Question

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Downstream transactions refer to situations where a company sells its assets to an entity in which it has a controlling interest, such as its associate or joint venture. This type of transaction can have an impact on the financial statements of both entities involved.

Sales of Assets from the Entity to Its Associate or Its