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Foley Corporation's Trading Securities Portfolio at the End of the Year

Question 124

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Foley Corporation's trading securities portfolio at the end of the year is as follows: Foley Corporation's trading securities portfolio at the end of the year is as follows: Foley subsequently sells Share B for ₤12,000. What entry is made to record the sale? Foley subsequently sells Share B for ₤12,000. What entry is made to record the sale? Foley Corporation's trading securities portfolio at the end of the year is as follows: Foley subsequently sells Share B for ₤12,000. What entry is made to record the sale?

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