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Dop down options for the first answer slots are: carrying amount of investment, dividends, initial cost, net income, sales proceeds. Thanks!@ On January 1, 2018,

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Dop down options for the first answer slots are: carrying amount of investment, dividends, initial cost, net income, sales proceeds. Thanks!@

On January 1, 2018, Fall Motors paid $440 million for a 35% investment in Quigg Motors. Quigg earned net income of $60 million and paid cash dividends of $100 million during 2018. (Click the icon to view the Equity Method Investment T-account.) On January 1, 2019, Fall Motors sold half of its investment in Quigg Motors. The sale price was $130 million. Calculate Fall Motors' gain or loss on the sale. (Use parentheses or a minus sign when showing a loss.) = Gain (loss) on sale of investment million million million = A Reference Purchase Net Income Equity Method Investment 440 Dividends received 426 21 Balance Print Print Done Done

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