As a significant influence investment,Coinway held 1,400 Habteq common shares with a carrying value of $65,223.It sold the shares on December 13 for $72,665.Prepare the journal entry to record the sale.
Correct Answer:
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Q98: Accounting for long-term investments in equity securities
Q99: The controlling investor is called the
A)Owning company
B)Subsidiary
Q100: Investments in associates are classified as
A)Current assets
B)Noncurrent
Q101: At December 31,Synthetics held Unoteq Corp.bonds
Q102: Sygnio purchased 1,700 shares of Toniq Corp.common
Q104: On January 2,Excelsius Corp purchased 10,000 Etherovo
Q105: Non-strategic debt investments are accounted for using
A)Historical
Q106: Explain how long-term debt securities that will
Q107: Explain how significant influence or investments in
Q108: Prepare general journal entries for the following
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