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Planners insurance provides company cars to management. The fleet of vehicles was recently sold for a gain of $5,000. The gain should be classified on

Planners insurance provides company cars to management. The fleet of vehicles was recently sold for a gain of $5,000. The gain should be classified on the income statement as Available answer options Select only one option A Other income and expenses. B Other operating income in the trading section of the income statement. C A reduction to other automobile expense. D Revenue earned in the ordinary course of business

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