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A company sells equipment for $450,000 when the book value of the equipment is $400,000. The company would record the extra $50,000 as: revenue, increasing
A company sells equipment for $450,000 when the book value of the equipment is $400,000. The company would record the extra $50,000 as:
revenue, increasing net income and stockholders' equity.
expenses, decreasing net income and stockholders' equity.
a loss, decreasing net income and stockholders' equity.
a gain, increasing net income and stockholders' equity.
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