Question: On January 1 , 2 0 2 1 , Halpert Inc. acquired 3 0 % of Schrute Corp. Halpert used the equity method to account

On January 1,2021, Halpert Inc. acquired 30% of Schrute Corp. Halpert used the equity method to account for the investment. On January 1,2022, 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?

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