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Posted on Aug 06, 2024

Mama June Pizza Company sold land costing $ 3 3 , 0 0 0 for $ 4 6 , 0 0 0 cash. Which of

Mama June Pizza Company sold land costing $

33, 000

for $

46, 000

cash. Which of the following statements concerning the land sale is correct?

Multiple Choice

Income before income taxes increased $

33, 000 .

The land account was credited for $

46, 000 .

The revenue account was debited for $

46, 000 .

Income from operations increased $

13, 000 .

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