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Beachwood Clothing Company operates a chain of high - end men's clothing stores. Recently, the company closed one of its stores and sold the equipment
Beachwood Clothing Company operates a chain of highend men's clothing stores. Recently, the company closed one of its stores and sold the equipment that was used in the store. The equipment had cost $ and was sold for $ Which of the following shows how the recognition of this event would affect the company's financial statements?
Balance Sheet Income Statement Statement of Cash Flows
Assets Liabilities Equity
Cash Equipment Revenues Gain Expenses Net Income
A NA NA NA Investing
B NA NA NA NA Operating
C NA NA NA Investing
D NA NA NA NA NA NA Operating
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