1. When the investor sells inventory to the investee it is known as a a. Upstream sale b. Downstream sale c. Side sale d. Intercompany transfer of assets 2. When the investee sells inventory to the investor it is known as a a. Upstream sale b. Downstream sale c. Side sale d. Intercompany transfer of assets 3. An investor sales $100,000 of inventory to the investee and uses a mark-up of 100%. At year-end the investee still has $40,000 in inventory unsold. Thus there is an adjustment to the investors investment account of the following amount: a. $100,000 b. $50,000 c. $40,000 d. $20,000