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Suppose on January 1, 2016, Fall Motors paid $450 million for a 40% investment in Regal Motors. Assume Regal earned net income at $65 million

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Suppose on January 1, 2016, Fall Motors paid $450 million for a 40% investment in Regal Motors. Assume Regal earned net income at $65 million and paid cash dividends of $45 million of $45 million during 2016 (click the icon to view the Equity Method Investment T-account) Assume that January 1, 2017, Fall Motors sold hall its investment in Regal Motors. The sale price was $230 million. Compute Fall Motors' gain or loss on the sale Let's compute the gain or loss on the sale of the investment (Round amounts to the nearest million. Use parentheses or a minus sign when showing a loss) Suppose on January 1, 2016, Fall Motors paid $450 million for a 40% investment in Regal Motors. Assume Regal earned net income at $65 million and paid cash dividends of $45 million of $45 million during 2016 (click the icon to view the Equity Method Investment T-account) Assume that January 1, 2017, Fall Motors sold hall its investment in Regal Motors. The sale price was $230 million. Compute Fall Motors' gain or loss on the sale Let's compute the gain or loss on the sale of the investment (Round amounts to the nearest million. Use parentheses or a minus sign when showing a loss)

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