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Title: On January 1, 2014, TXU Europe Corporation purchased 40% of the outstanding stock of Alberta Power ... Post by: Tomm on Nov 10, 2017 On January 1, 2014, TXU Europe Corporation purchased 40% of the outstanding stock of Alberta Power Pool Corporation for $800,000. Net income reported by Alberta Power Pool Corporation for 2014 and 2015 was, respectively, $100,000 and $125,000. Dividends paid by Alberta Power Pool Corporation during 2014 and 2015 were, respectively, $60,000 and $75,000. Assume on December 31, 2015, TXU Europe Corporation sells 50% of its investment in Alberta Power Pool Corporation for $525,000. TXU Europe Corporation will report a:
A) gain on sale of investment of $107,000 B) gain on sale of investment of $80,000 C) loss on sale of investment of $152,000 D) loss on sale of investment of $321,000 Title: Re: On January 1, 2014, TXU Europe Corporation purchased 40% of the outstanding stock of Alberta ... Post by: Alexmosuthe on Nov 10, 2017 Content hidden
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