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Title: Gray Financial Services, Inc. invested $33,000 to acquire 6,250 shares of Mitt Investments, Inc. on ... Post by: H3Ko on Aug 30, 2016 Gray Financial Services, Inc. invested $33,000 to acquire 6,250 shares of Mitt Investments, Inc. on March 15, 2013. This investment represents less than 20% of the investee's voting stock. On May 7, 2017, Gray Financial Services, Inc. sells 2,500 shares for $19,250. When the journal entry to record the sale is made, ________.
A) Cash will be credited B) Gain on Disposal will be credited C) Long-term InvestmentsHeld-to-Maturity will be debited D) Long-term InvestmentsAvailable-for-Sale will be debited Title: Re: Gray Financial Services, Inc. invested $33,000 to acquire 6,250 shares of Mitt Investments, Inc. ... Post by: Tanks on Aug 30, 2016 Content hidden
Title: Re: Gray Financial Services, Inc. invested $33,000 to acquire 6,250 shares of Mitt Investments, Inc. on ... Post by: H3Ko on Oct 12, 2016 I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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