What Is the Amount of the Amortization of the Unrealized

question 18

Multiple Choice

What is the amount of the amortization of the unrealized gain for 2016 arising from the transfer of John's assets?

• A) Nil
• B) $18,000
• C) $42,000
• D)$60,000

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Definitions:

Development

The process of growth, change, and improvement in a particular aspect, such as physical, cognitive, or social development.

Defense Mechanism

Unconscious psychological strategies used to cope with reality and to maintain self-image by reducing anxiety arising from unacceptable thoughts or feelings.

Projection

A defense mechanism where individuals attribute their own unacceptable thoughts, feelings, or motives onto someone else.

Temper

A person's state of mind seen in terms of their being angry or calm; also refers to a particular mood or disposition.