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What is the journal entry to be made on december

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Problem 1: On December 27, 2007, Lisa Corporation purchased 32,000 ABC ordinary shares for $1.88 each. It paid a transaction fee of $600. Lisa Corporation acquired it for trading purposes. On December 31, 2007, the most recent trade proce of the stock was at $1.91. What is the journal entry to be made on December 31, 2007?

Reference no: EM132807322

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