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Paul Corp. owns 90% of Sam Inc.s outstanding common stock. The carrying value of the investment in Sam is $170,000 and the fair value of

Paul Corp. owns 90% of Sam Inc.s outstanding common stock. The carrying value of the investment in Sam is $170,000 and the fair value of this investment is $250,000. Paul sells half of its Sam Inc. shares for $130,000 and records a gain of

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