What if any is the gain on the sale

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Reference no: EM131025984

1. Pink Inc. sells half of its 70% interest in Brown Co. on January 1, 20X6. On that date, the fair value of Brown as a whole is $940,000 and the carrying amount of Pink's 70% share of Brown is $320,000. What, if any, is the gain on the sale of half of Pink's interest in Brown? (Points : 1) $0 $9,000 $169,000 $338,000

Reference no: EM131025984

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