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In question (8), how would the parent record the sales transaction? REF: Duke Corporat...

In question (8), how would the parent record the sales transaction?

REF:

Duke Corporation owns a 70 percent equity interest in Salem Company, a subsidiary corporation. During the current year, a portion of this stock is sold to an outside party. Before recording this transaction, Duke adjusts the book value of its investment account. What is the purpose of this adjustment?

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