Temporary investments were sold for $53,500, resulting in a gain on sale of $14,000 based on the

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Temporary investments were sold for $53,500, resulting in a gain on sale of $14,000 based on the difference between the selling price of the investments and the net book value of those investments of $39,500. The investments originally cost $29,400.

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Posted Date: Sep 15, 2020 10:00 AM

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Temporary investments were sold for $53,500, resulting in a gain on sale of $14,000 based on the

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Principles of Accounting

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