MWC is a C corporation that uses the accrual method of accounting. MWC made an S election, effective January, 1 of 2016. The following assets were owned by MWC on December 31, 2015.
What is MWC's net unrealized built-in gain when it converts to an S corporation on January 1, 2016?

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The Answer of MWC is a C corporation that uses the accrual method of accounting. MWC made an S election, effective January, 1 of 2016. The following assets were owned by MWC on December 31, 2015.
What is MWC's net unrealized built-in gain when it converts to an S corporation on January 1, 2016?

MWC Is a C Corporation That Uses the Accrual Method