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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
The journal entry to record the sale of an investment includes a loss on sale of investment for $500. The income statement will reflect:
A) nothing, since the entry impacts only asset accounts
B) other income/loss of $500
C) an extraordinary loss of $500
D) a decrease in net sales of $500
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925
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AlexmosutheAlexmosuthe
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#1
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6 years ago
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Tomm Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Mcb
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Yesterday
Thanks
SlimyPencil
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2 hours ago
Correct Slight Smile TY
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