Michael James bought 8,500 shares of NovoSotia on April 15 for $12 per share. On the same
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Michael James bought 8,500 shares of NovoSotia on April 15 for $12 per share. On the same day, the closing price of NovoSotia was $11.45 per share. Calculate the unrealized gains/loss at end of day and pass the journal entry.
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Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
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Related Book For 
Accounting For Investments Equities Futures And Options Volume 1
ISBN: 9780470824313
1st Edition
Authors: R. Venkata Subramani
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