Automatic Intercompany Eliminations Program eliminates _____________
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A. Intercompany balance
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B. Average daily balance
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C. Formula based balance
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D. None of the above
A
Correct answer
Explanation
Intercompany balance is the correct answer because the Automatic Intercompany Eliminations Program specifically eliminates transactions and balances between related entities within a corporate group to avoid double-counting. Average daily balance is a banking concept. Formula-based balance is not related to intercompany eliminations.