On June 30, 2010, MetroMedia, Inc., purchased 7,000 shares of Mitek stock for $20 per share. Management
Question:
Price
12/31/2010 .... $24
12/31/2011 ... 31
12/31/2012 ... 25
MetroMedia sold all of the Mitek stock on February 14, 2013, at a price of $23 per share. Prepare any journal entries that are required by the facts presented in this case.
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June 30 2010 Investment in TS A 140000 Cash A 140000 7000 shares x 20 pe...View the full answer
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