Business, 31.10.2019 04:31 mgrvashvi6698

Thayer corporation owns equity-method investments in several companies. thayer paid $ 1 comma 200 comma 000 to acquire a 45% investment in slater software company. slater reported net income of $ 640 comma 000 for the first year and declared and paid cash dividends of $ 460 comma 000. without making journal entries, record the investment transactions directly in the thayer t-account, equity-method investment. assume that after all the noted transactions took place, thayer sold its entire investment in slater for cash of $ 1 comma 200 comma 000. how much is thayer's gain or loss on the sale of the investment?

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