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Maryland Financial Services invested $15,000 to acquire 3,750 shares of Delaware Investments on March 15, 2012. This investment represents less than 20% of the investee's
Maryland Financial Services invested $15,000 to acquire 3,750 shares of Delaware Investments on March 15, 2012. This investment represents less than 20% of the investee's voting stock. On May 7, 2016, Maryland Financial Services sells 1,750 shares for $12,250. When the transaction is recorded in a journal entry: A) Credit Gain on Disposal . B) Credit Long-term InvestmentsAvailable-for-Sale C) Credit Cash D) Debit Long-term InvestmentsHeld-to-Maturity . For unserstanding can you please provide how you computed the answer
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