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Accounting Question Alistair Corporation sells 500 shares of common stock being held as a short-term investment. The shares were acquired she months ago at a

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Alistair Corporation sells 500 shares of common stock being held as a short-term investment. The shares were acquired she months ago at a cost of $55 a share. Alistair sold the shares for $40 a share. The entry to record the sale is

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