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Oracle N16599GC10 Exam - Topic 2 Question 7 Discussion

Actual exam question for Oracle's N16599GC10 exam
Question #: 7
Topic #: 2
[All N16599GC10 Questions]

Which statement is true about inter-company journal entries?

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Suggested Answer: C

by Vashti at Jan 05, 2026, 05:16 AM

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Herschel
3 days ago
Option A is clearly the right answer. Minimum of four lines, just like the number of limbs a spider has.
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Markus
8 days ago
A maximum of six lines? That's like saying there's a maximum number of doughnuts I can eat in one sitting.
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Hubert
29 days ago
Option C is wrong. The entries must balance between subsidiaries, not just within each one.
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Noah
1 month ago
I always get confused between inter-company and intra-company entries. Maybe I should just stick to playing Tetris instead.
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Paul
1 month ago
Option B is correct. Inter-company journal entries are used to log intercompany eliminations.
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Lashonda
1 month ago
I thought inter-company entries had to balance within each subsidiary, but I’m not confident about that.
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Maryln
2 months ago
I feel like we practiced a question similar to this, and it mentioned the number of lines, but I can't recall if it was four or six.
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Casie
2 months ago
I remember something about balancing, but I'm not sure if it has to balance between subsidiaries or just within them.
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Bettina
2 months ago
I think inter-company journal entries are used for eliminations, so maybe B is the right answer?
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Yolande
2 months ago
Ah, I know this! Inter-company journal entries are used to eliminate transactions between subsidiaries, so B is the correct answer. Easy peasy!
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Sunny
2 months ago
This is a tricky one. I want to say the answer is B, but I'm not totally confident. Maybe I should quickly review my notes on consolidation before moving on to the next question.
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Jordan
3 months ago
Okay, let me see. I remember learning that inter-company entries need to balance within each subsidiary, so option C seems right. But I'm not 100% sure about the number of lines required. Guess I'll have to make an educated guess on that part.
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Rolande
3 months ago
Hmm, I'm a bit unsure about this one. I know inter-company entries have to do with consolidating financial statements, but I can't quite remember the specifics. I'll have to think this through carefully.
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Alana
3 months ago
I think this is a pretty straightforward question. The key is understanding that inter-company journal entries are used to eliminate transactions between subsidiaries, so the answer has to be B.
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