How is the gain or loss determined for the sale of part of an investment interest that

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How is the gain or loss determined for the sale of part of an investment interest that is accounted for as a one-line consolidation? Is the amount of gain or loss affected by the accounting method used by the investor?

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Oct 17, 2011 04:55 AM

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How is the gain or loss determined for the sale of part of an investment interest that

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Under GAAP a gain or loss is only recorded when the sold interest results in deconsolidation of ...View the full answer

Advanced Accounting

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