On June 1, 2022, Mango Corp

question 116

Multiple Choice

On June 1, 2022, Mango Corp.purchased Papaya Corp.common shares for $12,100 as a trading investment.Three months later, Mango sold these shares for $13,000.The entry to record the sale would include a

• A)debit to Cash of $12,100.
• B)credit to Interest Income of $900.
• C)credit to Trading Investments of $13,000.
• D)credit to Realized Gain on Trading Investments of $900.

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Having detrimental qualities or causing harm, discomfort, or dislike; morally objectionable.

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