What is Victor's portion of any unrealized gain or loss arising from the transfer of John's assets to Jinxtor on January 1, 2016?
A) Nil
B) $90,000
C) $210,000
D)$300,000

Question

Quizplus · Accepted Answer

Victor's portion of any unrealized gain or loss from the transfer of John's assets to Jinxtor would be nil because unrealized gains or losses are not recognized until the assets are sold or otherwise disposed of.

What Is Victor's Portion of Any Unrealized Gain or Loss