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Calculate the investment in associate and the gain on sale

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Reference no: EM132635272

Question - Provide the entry to account for Thor's sale of the shares in May 2018.

How should Thor account for its remaining investment in Loki?

They purchased 30,000 in Loki for $700,00 then they sold 15,000 shares for $425,000 how do calculate the investment in associate and the gain/loss on sale?

Reference no: EM132635272

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