Justings Co. owned 80% of Evana Corp. During 2013, Justings sold to Evana land with a book
Question:
A. Not recognize a gain on the sale of the land since it was made to a related party.
B. Recognize a gain of $17,600.
C. recognize a gain of $8,000.
D. recognize a gain of $22,000.
E. defer recognition of the gain until Evana sells the land to a third party.
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Related Book For 
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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