During 2013,Rubble Company purchased marketable equity securities as a short-term investment and classified them as trading securities.The cost and market value at December 31,2013,were as follows: Rubble sold 1,000 shares of Company Y stock on March 16,2014,for $24 per share,incurring $1,300 in brokerage commissions and taxes.On the sale,Rubble should report a realized loss of

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During 2013,Rubble Company purchased marketable equity securities as a short-term investment and classified them as trading securities.The cost and market value at December 31,2013,were as follows:  Rubble sold 1,000 shares of Company Y stock on March 16,2014,for $24 per share,incurring $1,300 in brokerage commissions and taxes.On the sale,Rubble should report a realized loss of

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The Answer of During 2013,Rubble Company purchased marketable equity securities as a short-term investment and classified them as trading securities.The cost and market value at December 31,2013,were as follows:  Rubble sold 1,000 shares of Company Y stock on March 16,2014,for $24 per share,incurring $1,300 in brokerage commissions and taxes.On the sale,Rubble should report a realized loss of

During 2013,Rubble Company Purchased Marketable Equity Securities as a Short-Term