Which of the following statements is true with regard to intercompany transactions?

Question $18$ options:

A$)$ An intercompany transaction is eliminated from consolidated taxable income.

B$)$ All intercompany gains are recognized, but losses must be deferred.

C$)$ A cash sale of a business asset by the purchasing member to an acquirer outside of the group triggers immediate recognition of the gain or loss.

D$)$ The gain or loss on an intercompany transaction is deferred for up to $10$ years after which it is recognized.