Nodus Company sells, for $700,000, 30% of the shares it owns in Fischer Company. The carrying

value of the Equity Investment relating to these shares is $620,000 on the date of sale.

The journal entry to record the sale assuming Nodus keeps control over Fischer includes:

a.

Equity investment, debit, $620,000

b.

Equity investment, credit, $700,000

c.

APIC, credit, $80,000

d. APIC, debit, $80,000