Topic 2 Select the most correct statement from the following in relation to intra-group transactions between entities in a group. a. All intragroup balances, transactions, income and expenses are to be eliminated in full on consolidation even if the parent entity does not hold 100% of the shares of the subsidiary O b. Intragroup profits are eliminated upon consolidation so that only profits made by the parent entity are included in the group's profits O c. Entities in a group may increase the profits reported by providing services among themselves O d. Intragroup profits are adjusted upon consolidation in order to exclude intragroup transactions in the subsidiary's financial statements