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National Financial Services, Inc. invested $27,000 to acquire 7,250 shares of Stonebridge Investments, Inc. on March 15, 2015. This investment represents less than 20%
National Financial Services, Inc. invested $27,000 to acquire 7,250 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 2,750 shares for $13,250. When the journal entry to record the sale is made, OA. Loss on Disposal will be debited OB. Equity Investments will be debited OC. Cash will be credited OD. Gain on Disposal will be credited Time Remaining: 01:29:58
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