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S sells property with a $500 basis to B for $450, and B later sells the property to a nonmember for $465. How much is

S sells property with a $500 basis to B for $450, and B later sells the property to a nonmember for $465. How much is S's intercompany item?

A. $0

B. $15 gain

C. $35 loss

D. $50 loss

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