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Question 6 Not yet answered Vlad Corporation sells 100 common...

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Accounting

Question 6
Not yet answered
Vlad Corporation sells 100 common shares being held as a trading investment. The shares were acquired six months ago at a cost of $50 a share Vlad sold the shares for $40 a share. The entry to record the sale is
Select one:
A. Cash Investment Income or Loss Investments at FVTPL
B. Cash Investments at FVTPL
C. Cash
Investment Income or Loss Investments at FVTPL
D. Investments at FVTPL
Investment Income or Loss
5,000
\table[[Investment Income or Loss,1,000,],[, Investments at FVTPL,4,000,],[B. Cash,4,000,],[, Investments at FVTPL,4,000,],[C. Cash,1,000,],[Investment Income or Loss,4,000,],[, Investments at FVTPL,800,],[D. Investments at FVTPL,,4,800],[Investment Income or Loss,,],[, Cash,,]]
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