Emron Company Owns a 100% Interest in the Common Stock

Multiple Choice

Emron Company owns a 100% interest in the common stock of the Dietz Company.On January 1, 2017, Emron sold Dietz a fixed asset that Dietz will use over a 5-year period.The asset was sold at a $5,000 profit.In the consolidated statements, this profit will

A) ​not be recorded.
B) ​be recognized over 5 years.
C) ​be recognized in the year of sale.
D) ​be recognized when the asset is resold to outside parties at the end of its period of use.