Marina,Inc

question 86

Essay

Marina,Inc.,held 1,500 of Navia common stock with a cost of $36,900.These shares were classified as a long-term available-for-sale investment.It sold the shares on December 13 for $42,100.Prepare the necessary journal entry to record this sale.

---

Definitions:

Identity Development

The process through which individuals form a distinct sense of self and personal identity, often influenced by various social, cultural, and psychological factors.

Adolescents

Individuals in the developmental stage transitioning from childhood to adulthood, typically aged between 13 and 19 years old.

Identity Formation

The process of developing a distinct personality or identity, influenced by various social, cultural, and individual factors.

Persist in Violence

The continuation of aggressive or harmful behaviors despite negative consequences or attempts to stop, often examined in the context of crime or interpersonal conflicts.