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Alamos Co. exchanged equipment and $18,500 cash for similar equipment. The book value and the fair value of the old equipment were $81,400 and $90,700,

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Alamos Co. exchanged equipment and $18,500 cash for similar equipment. The book value and the fair value of the old equipment were $81,400 and $90,700, respectively. Assuming that the exchange has commercial substance, Alamos would record a gaindoss) of: 1920 Multiple Choice O $27800 a $9.300 0 $9,300). 50

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