During 2021, Christie Company sold merchandise to its 100%-owned subsidiary, Finn Company. During that year, all of the merchandise was resold by Finn to outside customers.

If no consolidation entries are made, which of the following will be incorrect in consolidated statements?
Select one:
A. All accounts will be correct because the goods were quickly resold to customers.
B. Inventory, sales, cost of goods sold
C. Sales, cost of goods sold
D. Inventory, net income