Middlebrook Financial Services,Inc.invested $24,000 to acquire 3,750 shares of Mitt Investments,Inc.on March 15,2013.This investment represents less than 20% of the investee's voting stock.On May 7,2017,Middlebrook Financial Services,Inc.sells 2,500 shares for $17,250.Which of the following will be the correct journal entry for the May 1,2017 transaction? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )
A) 
B) 
C) 
D) 
Correct Answer:
Verified
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