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Sagot :
The transfer price is revenue to the selling division and cost to the buying division. The given statement is true.
What is transfer price?
Transfer pricing in taxation and accounting refers to the guidelines and procedures for valuing transactions within and between businesses that share ownership or control.
When one division of a company produces a good that another division can use in production, transfer pricing exists. The selling division receives revenue from the transfer price, and the buying division incurs costs. The absolute maximum price that can be accepted is the minimum transfer price.
The price that is charged when one department of a company sells products or services to another department. the cost that one division levies. For a middleman, another division of the same business.
To learn more about transfer price visit:https://brainly.com/question/14085963
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