1.In determining consolidated sales, what is the treatment of downstream and upstream intercompany inventory sales?

Group of answer choices

a.Both are deducted to sales

b.Both are added to sales

c.Only downstream is added to sales

d.Only upstream is added to sales

2.In determining consolidated cost of goods sold, what is the treatment of downstream and upstream intercompany inventory sales at transfer price?

a.Both are deducted to cost of goods sold

b.Both are added to cost of goods sold

c.Only downstream is added to cost of goods sold

d.Only upstream is added to cost of goods sold