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    Financial Accounting
  4. Exam
    Exam 14: Reporting and Interpreting Investments in Other Corporations
  5. Question
    When an Investment Accounted for Under the Equity Method Is
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When an Investment Accounted for Under the Equity Method Is

Question 82

Question 82

True/False

When an investment accounted for under the equity method is sold,the gain or loss reported on the income statement is the difference between the selling price and the original cost of the investment.

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