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ABC Company sold equipment on October 1, 2018, to XYZ Company for 1,000,000. It agrees to repurchase this equipment in July 2019, for a price
ABC Company sold equipment on October 1, 2018, to XYZ Company for 1,000,000. It agrees to repurchase this equipment in July 2019, for a price of 1,100,000. The proper accounting treatment for this transaction based on
Select one:
a. relevance
b. going concern
c. comparability
d. substance over form
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