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(5 points) On June 1,2023 , a small company sold off equipment originally purchased for $25,218,000 for $2,395,900. The book value of the equipment at
(5 points) On June 1,2023 , a small company sold off equipment originally purchased for $25,218,000 for $2,395,900. The book value of the equipment at the time of the sale was $2,522,000. Which of the following adjustments will need to be made to the company's 2023 financial statements because of the sale? (A 42) Decrease to PP\&E of $22,696,000 Decrease to current assets of $2,395,900 Increase to cash flow from operations of $126,100 Increase to net income of $126,100 (5 points) On June 1,2023 , a small company sold off equipment originally purchased for $25,218,000 for $2,395,900. The book value of the equipment at the time of the sale was $2,522,000. Which of the following adjustments will need to be made to the company's 2023 financial statements because of the sale? (A 42) Decrease to PP\&E of $22,696,000 Decrease to current assets of $2,395,900 Increase to cash flow from operations of $126,100 Increase to net income of $126,100
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