If a short-term investment in available-for-sale securities costs $ 10,000 and is sold for $ 12,000, how

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If a short-term investment in available-for-sale securities costs $ 10,000 and is sold for $ 12,000, how should the difference between these two amounts be recorded?

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Feb 13, 2014 07:17 AM

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If a short-term investment in available-for-sale securities costs $ 10,000 and is sold for $ 12,000, how

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Securities costs 10000 Selling Price 12000 Gain or L...View the full answer

Fundamental accounting principle

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