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National Financial Services, Inc. invested $27,000 to acquire 6,000 shares of Stonebridge Investments, Inc. on March 15, 2015. This investment represents less than 20% of
National Financial Services, Inc. invested $27,000 to acquire 6,000 shares of Stonebridge Investments, Inc. on March 15, 2015. This investment represents less than 20% of the investee's voting stock. On May 7, 2018, National Financial Services, Inc. sells 2,000 shares for $14,250. When the journal entry to record the sale is made, O A. Loss on Disposal will be debited B. Cash will be credited OC. Gain on Disposal will be credited OD. Equity Investments will be debited
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