What would be the balance in the investment in 123 Inc. accounts after the sale?

Question

Quizplus · Accepted Answer

The investment in 123 Inc. was initially $150,000. The company sold for $360,000 and the investor owned a 70% stake. 
Therefore, the investor's proceeds from the sale would be $252,000 (70% of $360,000). 
The investor's original investment of $150,000 plus the proceeds from the sale of $252,000 would result in a total balance of $402,000. 
Therefore, the balance in the investment in 123 Inc. accounts after the sale would be $210,000 (total balance of $402,000 minus proceeds from the sale of $252,000).

What Would Be the Balance in the Investment in 123