ACC 557 Week 9 Chapter 12 Quiz (all possible questions)
This Tutorial contains All possible Questions from this chapter (it
contains more than 200 questions set)
SOME SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF
THOSE 200 QUESTIONS
1Multiple Choice Question 57
Eck Corporation sells 250 shares of common stock being held as an
investment. The shares were acquired six months ago at a cost of $25 a
share. Eck sold the shares for $40 a share. The entry to record the sale
is
Cash 10,000
Gain on Sale of Stock Investments 3,750
Stock Investments 6,250
Stock Investments 10,000
Cash 10,000
Cash 10,000
Stock Investments 10,000
Cash 6,250
Loss on Sale of Stock Investments 3,750
Stock Investments 10,000
2-