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16. Earthquakes have never occurred in the town of Rolla, Missouri. One day, an earthquake destroys a plant owned by the business in the town

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16. Earthquakes have never occurred in the town of Rolla, Missouri. One day, an earthquake destroys a plant owned by the business in the town of Rolla. The damage from this earthquake X: will post as an account on the income statement Y: will be classified ass an expense A: X B: Y C: both X and Y D: neither X nor Y

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