When Are Profits from Intercompany Land Sales Realized

question 26

Multiple Choice

When are profits from intercompany land sales realized?

• A) They are realized only when sold to outsiders.
• B) They are realized once legal ownership of the land has been transferred.
• C) They are realized when consideration has been received for the land.
• D) They are realized when an agreement is signed with respect to ownership of the land.

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