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Bowler Inc. owns 30% of Yarby Co. and applies the equity method. During the current year, Bowler bought inventory costing $66,000 and then sold it to...

Bowler Inc. owns 30% of Yarby Co. and applies the equity method. During the current year, Bowler bought inventory costing $66,000 and then sold it to Yarby for $120,000. At year-end, only $24,000 of merchandise was still being held by Yarby. What amount of unrealized gain must be deferred by Bowler?

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528766_ACC.doc

Bowler Inc. owns 30% of Yarby Co. and applies the equity method. During the current
year, Bowler bought inventory costing $66,000 and then sold it to Yarby for $120,000. At
year-end, only $24,000...

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