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Make the journal entry for transaction on May

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Question - Göztepe 35 invested $15,000 to acquire 3,750 shares of Altinordu on March 15, 2016. This investment represents less than 20% of the investee's voting stock. On May 7, 2016, Göztepe 35 sells 1,750 shares for $12,250. Make the journal entry for transaction on May 7, 2020.

Reference no: EM132557524

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