Question 5 1 points SAVE ANSWER Select a correct statement from the following in relation to intra-group transactions between entities in a group for the purpose of preparing the consolidated financial statements. a. Intragroup profits are eliminated upon consolidation so that only profits from subsidiaries are included in the group's profits b. Intragroup profits are eliminated upon consolidation to exclude intragroup transactions in the parent entity's financial statements C. All intragroup balances, transactions, income and expenses are to be eliminated in full on consolidation even if the parent entity does not hold all of the issued equity of the subsidiary d. Entities in a group may increase the level of consolidated sales reported by selling inventories among themselves