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

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?
On January 1,2024, Halpert Incorporated acquired 30% of Schrute Corporation. Halpert

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