Mwc Is a C Corporation That Uses the Accrual Method

Question 128
Essay

MWC is a C corporation that uses the accrual method of accounting.MWC made an S election, effective January 1 of 2019.The following assets were owned by MWC on December 31, 2018. img What is MWC's net unrealized built-in gain when it converts to an S corporation on January 1, 2019?