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    Exam 14: PPA: Reporting and Interpreting Investments in Other Corporations
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    The Sale of a Stock from the Available-For-Sale Securities Portfolio
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The Sale of a Stock from the Available-For-Sale Securities Portfolio

Question 88

Question 88

True/False

The sale of a stock from the available-for-sale securities portfolio creates a gain or loss on the income statement based on the difference between the stock's original cost and its selling price.

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