Question: Q39 give correct answer in 15 mins i will thumb up thanks QUESTION 39 Carlin Corporation sells 600 ordinary shares being held as a short-term

Q39 give correct answer in 15 mins i will thumb up

Q39 give correct answer in 15 mins i will thumb up thanks

QUESTION 39 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 6,000 Loss on Sale of Share Investments. Share Investments.. 30,000 O Cash. 30,000 Gain on Sale of Share Investments. 6,000 24,000 Share Investments. Cash. 24,000 Share Investments. 24,000 Share Investments... 24,000 Loss on Sale of Share Investments.. 6,000 Cash. 30,000

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