Use the Following Information for Questions During 2014 Ebert Corp

Use the following information for questions During 2014 Ebert Corp.transferred inventory to Siskel Corp., and agreed to repurchase the merchandise early in 2015.Siskel then used the inventory as collateral to borrow from Southern Inventory 8 - 13 Bank, remitting the proceeds to Ebert.In 2015 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, 2014 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.