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DEPARTMENT OF CORRECTIONS IT INTERNAL EXCHANGE TRANSACTION INVENTORY ITEMS FOR USE ONLY BY THE DEPARTMENT OF CORRECTIONS CREDIT CARD HOLDERS(please print) CARDHOLDER NAME: SIGNATURE: ORDER DATE: LAST
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IET - Internal Exchange refers to the Intercompany Elimination Transactions that occur between different entities within the same group.
Entities that engage in intercompany transactions within the same group are required to file IET - Internal Exchange.
IET - Internal Exchange should be filled out by providing details of intercompany transactions, eliminating any duplicative transactions to ensure accurate financial reporting.
The purpose of IET - Internal Exchange is to eliminate intercompany transactions to prevent double counting and ensure accurate financial reporting.
Information such as intercompany transactions, elimination entries, and any adjustments made to ensure accurate financial reporting must be reported on IET - Internal Exchange.
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