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    Financial Accounting Study Set 3
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    Exam 12: Reporting and Interpreting Investments in Other Corporations
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    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 91

Question 91

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 its original cost.

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