which of the following statements is true regarding an intra-entity transfer of land?

a. a loss is always recognized but a gain is deferred in a consolidated income statement.

b. a loss and a gain are deferred until the land is sold to an outside party

c. a loss and a gain are always recognized in a consolidated income statement

d. a gain is always recognized but a loss is defereed in a consolidated income statement

e. recognition of a gain or loss is deferred by adjusting stockholders equity through comprehensive income