Related Party Transactions. During the current year, CVI Corporation sells a tract of land for $75,000. The sale is made to Sandi, CVI Corporation's sole shareholder. CVI Corporation originally purchased the land five years earlier for $98,000. a. What is the amount of gain or loss that CVI Corporation will recognize on the sale during the current year

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.