On May 4, 2XX2, an investor company owns 30% of the outstanding common stock of an...

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On May 4, 2XX2, an investor company owns 30% of the outstanding common stock of an investee and can exercise significant influence over the investee. On May 4, 2XX2, immediately preceding the sale of 20% of the investee's outstanding common stock to an unaffiliated party, the balance of the Equity Investment account was $168,000. The investor company sold the 20% interest in the investee for $144,000. The investor company determined that after the sale of its 20% interest it could no longer exert significant influence over the investee. For each of the following conditions, provide (i) the realized gain (loss) on the sale of the 20% interest and (ii) the unrealized holding gain (loss) on the remaining 10% interest. Use a negative sign to indicate a loss recorded on May 4, 2XX2. If no gain (loss) is required, enter "0" into the blank. a. Assume the investor determined the investee's stock has a readily determinable fair value. (i) realized gain (loss) $ (ii) unrealized holding gain (loss) $ b. Assume the investor determined the investee's stock does not have a readily determinable fair value, and the transaction resulting in the loss of significant influence does qualify as an observable price change in orderly transactions for the identical or a similar investment of the same issuer. (i) realized gain (loss) $ (ii) unrealized holding gain (loss) $ c. Assume the investor determined the investee's stock does not have a readily determinable fair value, and the transaction resulting in the loss of significant influence does not provide an observable price change in orderly transactions for the identical or a similar investment of the same issuer. In addition, after the loss of significant influence, the investor does not wish to apply the Level 2 and Level 3 measurement techniques described in FASB ASC 820: Fair Value Measurement. $ (i) realized gain (loss) (ii) unrealized holding gain (loss) $ Search On May 4, 2XX2, an investor company owns 30% of the outstanding common stock of an investee and can exercise significant influence over the investee. On May 4, 2XX2, immediately preceding the sale of 20% of the investee's outstanding common stock to an unaffiliated party, the balance of the Equity Investment account was $168,000. The investor company sold the 20% interest in the investee for $144,000. The investor company determined that after the sale of its 20% interest it could no longer exert significant influence over the investee. For each of the following conditions, provide (i) the realized gain (loss) on the sale of the 20% interest and (ii) the unrealized holding gain (loss) on the remaining 10% interest. Use a negative sign to indicate a loss recorded on May 4, 2XX2. If no gain (loss) is required, enter "0" into the blank. a. Assume the investor determined the investee's stock has a readily determinable fair value. (i) realized gain (loss) $ (ii) unrealized holding gain (loss) $ b. Assume the investor determined the investee's stock does not have a readily determinable fair value, and the transaction resulting in the loss of significant influence does qualify as an observable price change in orderly transactions for the identical or a similar investment of the same issuer. (i) realized gain (loss) $ (ii) unrealized holding gain (loss) $ c. Assume the investor determined the investee's stock does not have a readily determinable fair value, and the transaction resulting in the loss of significant influence does not provide an observable price change in orderly transactions for the identical or a similar investment of the same issuer. In addition, after the loss of significant influence, the investor does not wish to apply the Level 2 and Level 3 measurement techniques described in FASB ASC 820: Fair Value Measurement. $ (i) realized gain (loss) (ii) unrealized holding gain (loss) $ Search