Question: In its 2010 income statement, what amount should Grant report as gain from the sale of half of its investment? a. $24,500 b. $30,500 c.

In its 2010 income statement, what amount should Grant report as gain from the sale of half of its investment?

a. $24,500

b. $30,500

c. $35,000

d. $45,500

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