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29. Losses on the sale of long-term assets for cash: A. Are the excess of the book value over the cash received. B. Are recorded

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29. Losses on the sale of long-term assets for cash: A. Are the excess of the book value over the cash received. B. Are recorded as a credit. C. Are reported on a net-of-tax basis if material. D. Are the excess of the cash received over the book value

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