When an investment in an equity security is sold, the sale proceeds are compared with the cost, and if the cost is greater than the proceeds, a gain on the sale of the security is recorded.

Name: When an investment in an equity security is sold, the sale proceeds are compared with the cost, and if the cost is greater than the proceeds, a gain on the sale of the security is recorded.
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If the sale proceeds are lower than the cost, a loss is recorded, not a gain.

When an Investment in an Equity Security Is Sold, the Sale