Investment Cost Market Value Common Stock A $16,000 $18,000 Common Stock B 13,00
ID: 2379886 • Letter: I
Question
Investment Cost Market Value
Common Stock A $16,000 $18,000
Common Stock B 13,000 7,000
$29,000 $25,000
Deutsche subsequently sells Common Stock B for $17,000. What entry is made to record the sale?
Cash 17,000
Stock Investments 17,000
Cash 17,000
Market Adjustment 4,000
Stock Investments 13,000
Cash 17,000
Stock Investments 13,000
Gain on Sale of Stock Investments 4,000
Cash 17,000
Stock Investments 7,000
Gain on Sale of Stock Investments 10,000
Cash 17,000
Stock Investments 17,000
Cash 17,000
Market Adjustment 4,000
Stock Investments 13,000
Cash 17,000
Stock Investments 13,000
Gain on Sale of Stock Investments 4,000
Cash 17,000
Stock Investments 7,000
Gain on Sale of Stock Investments 10,000
Explanation / Answer
Cash 17,000
Stock Investments 13,000
Gain on Sale of Stock Investments 4,000
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