A Gain or Loss on the Sale of a Long-

A gain or loss on the sale of a long- term investment using the equity method is determined by comparing the cash received with the:

A) lower- of- cost- or- market value of the long- term investment.
B) market value of the long- term investment.
C) cost of the long- term investment.
D) cost of the long- term investment adjusted for the investor's share of the investee's net income and cash dividends, while the investment was held by the investor company.