Question: Without making journal entries record the transactions of Exercise directly 153224

Without making journal entries, record the transactions of Exercise directly in the Watson account, Long-Term Investment in Smith Software. Assume that after all the noted transactions took place, Watson sold its entire investment in Smith Software for cash of $3,000,000. How much is Watsons gain or loss on the sale of the investment?


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  • CreatedDecember 10, 2012
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