Franklin inc owns 80 of prevatt company during the current, Financial Accounting

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Franklin inc owns 80 of prevatt company during the current

Franklin, Inc. owns 80% of Prevatt Company. During the current year, a portion of the investment in Prevatt is sold. Prior to recording the sale, Franklin adjusts the book value of its investment. What is the purpose of the adjustment?

Answer is supposed to be 400 words but I will take whatever I can get.

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Financial Accounting: Franklin inc owns 80 of prevatt company during the current

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Financial Accounting: Franklin inc owns 80 of prevatt company during the current

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