UK US GAAP - Service invoice recieved by USA agency and recharged to UK

CPS

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Jan 20, 2017
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I have a situation where a third party invoices our USA Agency for services provided in the USA. These invoices are then recharged internally to a UK department.
The cost and income are netted off in the US books.
This feels right to me, but I don't know whether this is the correct treatment for US GAAP.
 

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