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Newt Co. sold a warehouse and used the proceeds to acquire a new warehouse. The excess of the proceeds over the carrying amount of the

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Newt Co. sold a warehouse and used the proceeds to acquire a new warehouse. The excess of the proceeds over the carrying amount of the warehouse sold should be reported as a(an): Extraordinary gain, net of taxes. O Gain from discontinued operations, net of income taxes. O Reduction of the cost of the new warehouse. O Part of continuing operations

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