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46. Which of the following events is an intercompany transaction that requires the deferral and later recognition of income? A) sale of inventory from a
46. Which of the following events is an intercompany transaction that requires the deferral and later recognition of income?
A) sale of inventory from a subsidiary corporation to its parent corporation
B) accrual of rentals on a lease of real property owned by one group member that is used by another group member; both group members use the accrual method of accounting
C) cash dividend payment from a subsidiary corporation to its parent corporation
D) None of the above transactions require the deferral and later recognition of income
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