Quiz

UPI

100

What UPI stands for?

Unrecognized Profit Inventory

200

The deadline for sending the communicate of the markup amount on intercompany inventory to each buying entity is WD-1 by 12 noon

False

300

Conversions to USD or local currency of the markup being transferred is to be computed using the current

Average Rate

400

Generally, the inventory is received at the distributor for sale to a 3rd party at a later date.

True  

500

The manufacturers profit on the intercompany sales needs to be deferred until the inventory is sold to a 3rd party

True

UPI 2

100

Mention 2 Stryker ledgers

Statutory 

Enteprise

200

One tip presented was to validate the UPI received vs the UPI expected to avoid differences

True

300

Which IFRS is mentioned for consolidated financial statements

10

400

If you have a difference in UPI you should register it and dispute in the subsequent month

True

500

Stryker Corporation adopted the “Enterprise Accounting” model for financial reporting in ____

1999