On December 31, 2018, Walmart Inc. sold some of its shares in Sarnia Ltd. for $100,000, reducing its proportion of ownership from 75% to 60%. Walmart uses the equity method to record its investment in Sarnia and the balance in the investment account on December 31, 2018, before the sale, was $537,000.What is the gain or loss on this ownership disposal? 

Answer rating: 100% (QA)

To calculate the gain or loss on the ownership disposal we need ... View the full answer