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Use the following information to answer questions (12-15) ABC company purchased inventory by 250 JDs at Jan,1,2016, holding this inventory until Dec,31,2018 when it sold
Use the following information to answer questions (12-15) ABC company purchased inventory by 250 JDs at Jan,1,2016, holding this inventory until Dec,31,2018 when it sold that inventory by 295 JD. The current value of that inventory between the purchasing and selling dates are: 31/12/2016 = 260 JD 31/12/2017 = 275 JD 31/12/2018 = 285 JD 12. Net income of activities according to current value at 2018 equals (2 Points) 20 O 15 25 13. Realized holding gains at 2018 equal (2 Points) o 25 30 14. Unrealized holding gains at 2018 equal (2 Points) -25 15 15. Total holding gain at 2017 equal (2 Points) 0 o 10 15 20
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