Question
Use the following information to answer questions ( 9-12 ) ABC Company purchased inventory by 250 thousand JD at 1/1/2016, holding this inventory until 31/12/2018,
Use the following information to answer questions ( 9-12 ) 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:Required to answer. Single choice.
10.Unrealized holding gains at 31/12/2017
11.Total holding gains for 2016:
12.Net Income for 2017:
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