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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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