PDA

View Full Version : Financial accounting


armine86
Mar 18, 2008, 04:22 PM
If a company sells an investment in stock for 8000000 and the investment was for 5100000 so they had a gain of 2900000. With a note due in 5 years with no interest rate. How would you journalize that??

ChaliceHolder
Mar 18, 2008, 06:10 PM
Note Receivable Dr
Gain on Sale Cr
Stock Investment Cr