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A company sells used equipment with a book value of $100,000 for $250,000 cash. How would this transaction affect the company's balance sheet? 0 Equity
A company sells used equipment with a book value of $100,000 for $250,000 cash. How would this transaction affect the company's balance sheet? 0 Equity rises $250,000; net plant and equipment falls $250,000. 0 Cash rises $250,000; net plant and equipment falls $100,000; equity rises $150,000. C} Cash rises $250,000; accounts receivable falls $100,000; goodwill rises $150,000. 0 Cash rises $250,000; net plant and equipment falls $250,000
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