rome Algnment number Cells Editin Cell Styles .. X & fx A B C D E F G H BE SURE TO ANSWER ALL REQUIRED QUESTIONS (a) through (e) AND SHOW ALL COMPUTATIONS AND WORK IN SUPPORT OF YOUR ANSWERS 7. in January 2016, QB INC. realized a gain on the sale and leaseback of an office building in the amount of $500,000. The lease is accounted for as an operating lease and the term of the lease is five years. a. What amount of gain did QB recognize in 2016 under US G.A.A.P? b. What amount of gain should QB Inc. recognize in 2016 under US IFRS? c. What amount of gain, if any, should QB Inc. recognize in 2019 under US G.A.A.P? d. What amount of gain, if any, should QB Inc. recognize in 2019 under IFRS? . A. %. Conditional Formatting Format as Table Cell Styles . Paste Font Alignment Number 2 A x vfx B C D E F G e. As a result of the sale leaseback transaction what is the difference in QB Inc.'s Stockholder's Equity in 2019 between U.S. GAAP reporting and IFRS reporting