Question
ABC Company purchased inventory by 250 thousand JD at 1/1/2016, holding this inventory until 31/12/2018, when sold this inventory by 295 thousand JD. The current
ABC Company purchased inventory by 250 thousand JD at 1/1/2016, holding this inventory until 31/12/2018, when sold this inventory by 295 thousand JD. The current value at this inventory between the purchasing and selling dates as: At 31/12/2016 the current value 260 thousand At 31/12/2017 the current value 275 thousand At 31/12/2018 the current value 285 thousand
Use the current value approach to answer the following questions : 9.Realized holding gains at 31/12/2018 equal: (2 Points) a) 10 b) 25 c) 35 d) 15 10.Unrealized holding gains at 31/12/2017: (2 Points) a) 35 b) 15 c) 20 d) 10 11.Total holding gains for 2016: (2 Points) a) 10 b) 15 c) 25 d) 35 12.Net Income for 2017:Immersive Reader (2 Points) a) 35 b) 25 c) 10 d) 15
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