_____ an Intercompany Inventory Transfer Above Cost Occurred in 2005

Multiple Choice

_____ An intercompany inventory transfer above cost occurred in 2005. At 12/31/05, a portion of the transferred inventory remained unsold. Which of the following accounts would not require adjustment or elimination in consolidation at the end of 2005?

A) Intercompany Cost of Sales.
B) Intercompany Sales.
C) Inventory.
D) Sales.
E) None of the above.