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SELLING LONG-TERM STOCK INVESTMENTS LOSSES FROM THE OF LONG-TERM INVESTMENTS IN STOCK

6 五月, 2015 - 17:10

Example: A corporation purchases $50,000 of XYZ company common stock, and sells it for $35,000 five years later. A brokerage fee of $500 is incurred as a result. What entry is necessary to record this transaction?

Entry: debit - Cash 34,500

- Loss on of Investment 15,500

credit - Investment in XYZ Company Stock 50,000