Which of the following describes the impact on consolidated financial statements of upstream and downstream transfers?
a. No difference exists in consolidated financial statements between upstream and downstream transfers.
b. Downstream transfers affect the computation of the noncontrolling interest's share of the sub- sidiary's income but upstream transfers do not.
c. Upstream transfers affect the computation of the noncontrolling interest's share of the sub- sidiary's income but downstream transfers do not.
d. Downstream transfers can be ignored because the parent company makes them.