fundamental accounting principle II
posted by Sharon on .
How do I explain to a customer about the $6000. loss reported on the sale of its investment of common stock that the customer has 40% interest. When the 2010 income statement reported earning form all investments were $126,000. On January 2011 the company sold the investment stock for $575,000 and was purchase for $500,000. The investment did not pay dividends during 2010?