Question: Flag this Question Question 342 pts In the years after a seller makes an intercompany sale of equipment at a gain, Equity investment is increased
Flag this Question Question 342 pts In the years after a seller makes an intercompany sale of equipment at a gain, Equity investment is increased in the consolidation entries. Why does the amount of the Equity investment adjustment change from year to year? a. Because the Equipment account balance is reduced with passage of time b. Because a portion of the gain is realized in the consolidated financial statements each year c. Because Accumulated Depreciation and Equipment are reduced by different amounts each year d. Because the gain is not realized until the asset is sold
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