Use the Following Information to Solve the Following Questions

Multiple Choice

Use the following information to solve the following questions:
During 2020 Ebert Corp. transferred inventory to Siskel Corp. and agreed to repurchase the merchandise early in 2021. Siskel then used the inventory as collateral to borrow from Southern Bank, remitting the proceeds to Ebert. In 2021 when Ebert repurchased the inventory, Siskel used the proceeds to repay its bank loan.
-On whose books should the cost of the inventory appear at the December 31, 2020, statement of financial position date?

A) Siskel Corp.
B) Ebert Corp.
C) Southern Bank
D) Siskel Corp., with Ebert Corp. making appropriate note disclosure of the transaction