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Following is a list of irvestments owned by Martinez Ltd., as of the company's year-end, December 31, 2023 : On January 15, 2024, Martinez sold
Following is a list of irvestments owned by Martinez Ltd., as of the company's year-end, December 31, 2023 : On January 15, 2024, Martinez sold the shares in CTN Corporation for $7.10 per share. Prepare the journal entries required to record the sale, assuming the company uses the fair value through other comprehensive income without recycling method. [Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.J c
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