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Q39 give correct answer in 15 mins i will thumb up thanks QUESTION 39 Carlin Corporation sells 600 ordinary shares being held as a short-term
Q39 give correct answer in 15 mins i will thumb up thanks
QUESTION 39 Carlin Corporation sells 600 ordinary shares being held as a short-term investment. The shares were acquired six months ago at a cost of $50 a share. Carlin sold the shares for $40 a share. The entry to record the sale is O Cash.. 24,000 6,000 Loss on Sale of Share Investments. Share Investments.. 30,000 O Cash. 30,000 Gain on Sale of Share Investments. 6,000 24,000 Share Investments. Cash. 24,000 Share Investments. 24,000 Share Investments... 24,000 Loss on Sale of Share Investments.. 6,000 Cash. 30,000Step by Step Solution
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