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Alamos Co. exchanged equipment and $18,300 cash for similar equipment. The book value and the fair value of the old equipment were $81,900 and $91,500,

Alamos Co. exchanged equipment and $18,300 cash for similar equipment. The book value and the fair value of the old equipment were $81,900 and $91,500, respectively. Assuming that the exchange has commercial substance, Alamos would record a gain/(loss) of:

A. 9,600

B. 0

C. 27,900

D. (9,600)

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