Question $6$

Not yet answered $$

Vlad Corporation sells $100$ common shares being held as a trading investment. The shares were acquired six months ago at a cost of $$50$ a share Vlad sold the shares for $$40$ a share. The entry to record the sale is

Select one:

A$.$ Cash Investment Income or Loss Investments at FVTPL

B$.$ Cash Investments at FVTPL

C$.$ Cash

Investment Income or Loss Investments at FVTPL

D$.$ Investments at FVTPL

Investment Income or Loss

$5,000$

$\backslash$table$[[$Investment Income or Loss,$1,000,],[,$ Investments at FVTPL$,4,000,],[$B$.$ Cash,$4,000,],[,$ Investments at FVTPL$,4,000,],[$C$.$ Cash,$1,000,],[$Investment Income or Loss,$4,000,],[,$ Investments at FVTPL$,800,],[$D$.$ Investments at FVTPL$,,4,800],[$Investment Income or Loss,,$],[,$ Cash,,$]]$