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Jamar Co. sold its headquarters building at a gain, and simultaneously leased back the building. The lease was reported as a capital lease. At the
Jamar Co. sold its headquarters building at a gain, and simultaneously leased back the building. The lease was reported as a capital lease. At the time of the sale, the gain should be reported as
A. a deferred gain. B. operating income. C. an extraordinary item, net of income tax. D. a separate component of stockholders' equity.
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