Pink Inc. sells half of its 70% interest in Salmon Co. on January 1, 20X6. On that date, the fair value of Salmon as a whole is $940,000 and the carrying amount of Pink's 70% share of Salmon is $320,000. What, if any, is the gain on the sale of half of Pink's interest in Salmon?
A. $0
B. $338,000
C. $169,000
D. $9,000
Answer: B
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