Ignoring Income Taxes, What Is the Amount of Unrealized Profit/(loss)

question 59

Multiple Choice

Ignoring income taxes, what is the amount of unrealized profit/(loss) remaining from the intercompany sale of equipment at December 31, 2019?

• A) $16,000 loss.
• B) $12,000 gain.
• C) $12,500 gain.
• D)$16,000 gain.

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