Question: Q34 give correct answer in 10 mins i will thumb up thanks QUESTION 34 Carlin Corporation sells 600 ordinary shares being held as a short-term

Q34 give correct answer in 10 mins i will thumb up

Q34 give correct answer in 10 mins i will thumb up thanks

QUESTION 34 Carlin Corporation sells 600 ordinary shares being held as a short-term investment. The shares were acquired six months ago at a cost of $50 a share. Carlin sold the shares for $40 a share. The entry to record the sale is O Cash.. 24,000 Loss on Sale of Share Investments. 6,000 Share Investments 30,000 O Cash. 30,000 6,000 Gain on Sale of Share Investments. O Cash. 24,000 Share Investments 24,000 O Share Investments. 6,000 Loss on Sale of Share Investments. Cash. Share Investments. 24,000 24,000 30,000

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