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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 30 12. Net income of activities according to current value at 2018 equals (2 points) 20 15 10 25 13. Realized holding gains at 2018 equal (2 points) 20 . 25 35 @ 30 14. Unrealized holding gains at 2018 equal o (2 Points 35 15 10 15. Total holding gain at 2017 equal 12 Points 15
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