Username: Peter Rating: Asked to: Dara Madee Date Created: 15 May 2017 |
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Category | 28 |
Tag | Financial |
Question | What is a 'Transfer Price'? |
Hello Peter, A transfer price is the price at which divisions of a company transact with each other, such as the trade of supplies or labor between departments. Transfer prices are used when individual entities of a larger multi-entity firm are treated and measured as separately run entities. A transfer price can also be known as a transfer cost. |
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