If a company invested $1,000,000 in a stock and it went up $200,000, and then sold...

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If a company invested $1,000,000 in a stock and it went up $200,000, and then sold 50% at the end of the first year, then in year 2 the company loss $300,00 and sold the other 50% of the company. What is the journal entries for the gain /(loss) in year 1 and 2? (Please show debit and credit) What is the net gain /(loss) over the 2-year period? If a company invested $1,000,000 in a stock and it went up $200,000, and then sold 50% at the end of the first year, then in year 2 the company loss $300,00 and sold the other 50% of the company. What is the journal entries for the gain /(loss) in year 1 and 2? (Please show debit and credit) What is the net gain /(loss) over the 2-year period?

Answer rating: 100% (QA)

Year 1 Debit Investment in Stock 1000000 Credit Cash 1000000 Debit ... View the full answer