am #4 (Chapters 8-10) (7t... i tiple Choice Saved any sells equipment for $450,000 when the book value of the equipment is $400,000. The company would record the extra as: a loss, decreasing net income and stockholders' equity. expenses, decreasing net income and stockholders' equity. revenue, increasing net income and stockholders' equity. a gain, increasing net income and stockholders' equity. < Prev 16 of 33 Help Save & Exit Submit Next >