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  • Mar 18, 2008, 04:22 PM
    armine86
    Financial accounting
    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??
  • Mar 18, 2008, 06:10 PM
    ChaliceHolder
    Note Receivable Dr
    Gain on Sale Cr
    Stock Investment Cr

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