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stbrook Financial Services, Inc. invested $18,000 to acquire 3,750 shares of Cloud Investments, Inc. on March 15. This investment represents less than 20% of
stbrook Financial Services, Inc. invested $18,000 to acquire 3,750 shares of Cloud Investments, Inc. on March 15. This investment represents less than 20% of investee's voting stock. On May 7, Westbrook Financial Services, Inc. sells 3,000 shares for $19,250. Which of the following will be the correct journal entry for the wy 7 transaction? (Round any intermediate calculations and the final answer to two decimal places.) DA. Cash Equity Investments 19.250 19,250 OB. Cash 19,250 Equity Investments 14,400 Gain on Disposal 4,850 OC. Loss on Disposal Equity Investments 19,250 19.250 OD. Cash 19,250 19.250 Gain on Disposal
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