Events that trigger recognition of any deferred gain or loss from intercompany transactions in its entirety include all of the following except:

Question

Quizplus · Accepted Answer

Events that trigger recognition of any deferred gain or loss from intercompany transactions in its entirety include the cessation of the selling or purchasing member's affiliation with the group, the worthlessness or satisfaction of an obligation transferred in an intercompany transaction, the disposition of property outside the group where the property was acquired in an intercompany transaction, and the filing of a consolidated return by the group. However, the termination of a contract between a member of the group and the employees' union does not trigger recognition of any deferred gain or loss from intercompany transactions in its entirety.

Events That Trigger Recognition of Any Deferred Gain or Loss