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22. Spock Inc. exchanged merchandise that cost $ 19,000 and normally sold for $ 27,000 for a new delivery truck with a list price of

22. Spock Inc. exchanged merchandise that cost $ 19,000 and normally sold for $ 27,000 for a new delivery truck with a list price of $ 31,000. The delivery truck should be recorded on Spock's books at

a) $ 31,000.

b) $ 27,000.

c) $ 19,000.

d) $ 12,000.

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