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When a trading security is sold and the net proceeds are greater than the cost of the security, no gain or loss is recognized. True
When a trading security is sold and the net proceeds are greater than the cost of the security, no gain or loss is recognized.
True false question.
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
5th Edition
