Solved: Dumas corporation purchased an available-for-sale, Financial Accounting

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Dumas corporation purchased an available-for-sale

Dumas Corporation purchased an available-for-sale investment in 1,500 shares of Southwest Supplies stock for $23 per share. On the next balance sheet date, Southwest Supplies stock is quoted at $26 per share. Dumas sold the Southwest Supplies stock for $44,000 two months later. Dumas' income statement for the period of the sale should report a(n)

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Financial Accounting: Dumas corporation purchased an available-for-sale

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Financial Accounting: Dumas corporation purchased an available-for-sale

Reference No:- TGS02598305

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