Compute the Gain or Loss on the Intra-Entity Transfer of Land

Multiple Choice

Compute the gain or loss on the intra-entity transfer of land that should be reported on the books of Stiller prior to consolidation.

A) $15,000 loss.
B) $15,000 gain.
C) $50,000 loss.
D) $50,000 gain.
E) $65,000 gain.