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What entries are necessary and how would you record them

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Reference no: EM131752158

You purchased a stock as an available for sale investment for $10,000 in January of 2013. The stock increases in value to $12,000 by the end of 2013. In 2014, you sell the stock for $11,500 What entries are necessary and how would you record them?

Reference no: EM131752158

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