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I am a vertically integrated licensee. Transfers of product between my licenses are not recorded as revenue in my general ledger. Should those transfers be reported as revenue on P2 Schedule of Revenue?
P2 Schedule of Revenue should only contain transactions that generate revenue that are recorded as revenue in the general ledger. In this example, the provisioning center would report the revenue that was received as a result of the product transfers. The grower license and processor license would only report direct revenue transactions that were recorded as revenue in the general ledger.