On July 1, 2019, an investor company owns 20% of the common stock of an investee and can exercise significant influence over the investee. On July 1, 2019, immediately preceding the sale of 10% of the investee to an unaffiliated party, the balance of the Equity Investment account was $50,000. The investor company sold the 10% interest in the investee for $30,000. The investor company determined that after the sale of 10% it could no longer exert significant influence and that the remaining 10% investment has a readily determinable fair value. Immediately after the sale of the 10% interest, what is the carrying amount (i. e., balance) of the Equity Investment and what method of accounting must the investor use for the Equity Investment

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times