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Blue Corp. owns 100% of the 8460000 outstanding common shares of Sandhill Inc. In order...

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Question

Accounting

Blue Corp. owns 100% of the 8460000 outstanding common shares of Sandhill Inc. In order to generate much needed cash, management of Blue sold 341000 shares for $10470000. How should management account for the investment in Sandhill if it is using IFRS as a standard?
Cost Method
Equity Method
Consolidation
Management can chooose from any of these methods

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