Question: 3 On January 1 , 2 0 2 4 , Halpert Incorporated acquired 3 0 % of Schrute Corporation. Halpert used the equity method to

3

On January

1, 2024,

Halpert Incorporated acquired

30 %

of Schrute Corporation. Halpert used the equity method to account for the investment. On January

1, 2025,

Halpert sold two

-

thirds of its investment in Schrute. It no longer had the ability to exercise significant influence over the operations of Schrute. How should Halpert account for this change?

3 On January 1 , 2 0 2 4 , Halpert Incorporated

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