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ABC Company made two purchases at the beginning of Year 1: Inventory costing $100 Land costing $700 Both were sold during Year 1: Inventory for

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ABC Company made two purchases at the beginning of Year 1: Inventory costing $100 Land costing $700 Both were sold during Year 1: Inventory for $110 Land for $900 How much gain would ABC Company show on its Year 1 Income Statement? $200 $10 $210 $0

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