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?
A) $0
B) $9,000
C) $169,000
D) $338,000

Question

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The Answer of 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?
A) $0
B) $9,000
C) $169,000
D) $338,000

Pink IncSells Half of Its 70% Interest in Brown Co