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Desmond Corporation owns 3,000 of the 10,000 outstanding ordinary shares of Wetmore Corporation.During 2011, Wetmore earned £2,400,000 and paid cash dividends of £800,000.
-Greene Corporation sells 300 ordinary shares being held as an investment.The shares were acquired six months ago at a cost of $50 a share.Greene sold the shares for $40 a share.The entry to record the sale is

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Use the following information for questions 
Desmond Corporation owns 3,000 of the 10,000 outstanding ordinary shares of Wetmore Corporation.During 2011, Wetmore earned £2,400,000 and paid cash dividends of £800,000.
-Greene Corporation sells 300 ordinary shares being held as an investment.The shares were acquired six months ago at a cost of $50 a share.Greene sold the shares for $40 a share.The entry to record the sale is

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The Answer of Use the following information for questions 
Desmond Corporation owns 3,000 of the 10,000 outstanding ordinary shares of Wetmore Corporation.During 2011, Wetmore earned £2,400,000 and paid cash dividends of £800,000.
-Greene Corporation sells 300 ordinary shares being held as an investment.The shares were acquired six months ago at a cost of $50 a share.Greene sold the shares for $40 a share.The entry to record the sale is

Use the Following Information for Questions