1) Which of the following is the most correct statement?

A) All sales of inventory by subsidiary to parent are downstream.

B) Sales of depreciable assets are always upstream.

C) It does not matter for the consolidation process whether depreciable asset sales are upstream or downstream.

D) Sales of inventory by parent to subsidiary are downstream.

E) Upstream and downstream depreciable asset sales never take place in the year the parent acquires any part of the subsidiary.