Short-term stock investments should be valued on the balance sheet at Question 11 options: the higher of cost or fair value. the lower of cost or fair value. cost. fair value. Beak Corporation sells 200 shares of common stock being held as an investment. The shares were acquired six months ago at a cost of $25 a share. Beak sold the shares for $40 a share. The entry to record the sale is Question 15 options: Cash 8,000 Gain on Sale of Stock Investments 3,000 Stock Investments 5,000 Stock Investments 8,000 Cash 8,000 Cash 8,000 Stock Investments 3,000 Cash 5,000 Bonds Payable 3,000 Stock Investments 8,000