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Which of the following best describes a transfer price?
A.
It is the price that is charged by a department of an organization when it sells its goods to its competitors.
B.
It is the price one subunit charges for a product or service supplied to another subunit of the same organization.
C.
It is the price that is to be used while calculating revenue from sales to customers for tax purposes.
D.
It is the price charged by an organization when it transfer goods to another organization in lieu of services provided by it.
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