Which of the following describes how intercompany balances and transactions are treated upon consolidation? Question 10 options: a) Both intercompany balances and intercompany transactions that occur post-acquisition are eliminated. b) Intercompany balances are eliminated but intercompany transactions that occur post-acquisition are not. c) Intercompany balances are not eliminated but intercompany transactions that occur post-acquisition are eliminated on consolidation. d) Neither intercompany balances nor intercompany transactions that occur post-acquisition are eliminated