A gain or loss on the sale of a long-term investment using the equity method is calculated by taking the difference between the sale proceeds and the:

Question

Quizplus · Accepted Answer

The gain or loss on the sale of a long-term investment using the equity method is calculated by comparing the sale proceeds to the carrying value of the investment, which includes the original cost adjusted for the investor's share of the investee's profits or losses.

A Gain or Loss on the Sale of a Long-Term