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Al-Manseer corporation purchased a machine for 50,000 from its 90 percent-owned subsidiary, Dream corporation on January 1, 2015. The machine carrying amount was 30,000 $
Al-Manseer corporation purchased a machine for 50,000 from its 90 percent-owned subsidiary, Dream corporation on January 1, 2015. The machine carrying amount was 30,000 $ at that time and the remaining useful life 5 years. What is the amount by which the investment to dream account will be affected by the unrealized gains from this transaction at December 31,2017?
Select one:
a. $10,800
b. None of the answer is correct
c. $12,000
d. $20,000
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