Columbia Corp

question 169

Short Answer

Columbia Corp. held 1,500 of Vianco common stock with a cost of $74,387. These shares were classified as a long-term available-for-sale investment. It sold the shares on December 13 for $55,275. Prepare the journal entry to record this sale.

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Definitions:

Authentic Partnerships

Genuine collaborations between individuals, organizations, or companies based on shared values, transparency, and mutual benefit.

Significant Demographic

A notable segment of the population identified by specific characteristics such as age, gender, income, or ethnicity, which is particularly important for targeted marketing or policy-making.

UN Guiding Principles

A global standard for preventing and addressing the risk of adverse impacts on human rights linked to business activity, providing a framework for governments and companies.

Human Rights

Human Rights refer to the fundamental rights and freedoms that all individuals are entitled to, regardless of nationality, sex, national or ethnic origin, race, religion, language, or any other status.