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Question 1 (4 points) Multiple Answer question (choose all answers that apply): What are all the examples below of a capital gains or Loss? a)
Question 1 (4 points) Multiple Answer question (choose all answers that apply): What are all the examples below of a capital gains or Loss? a) Getting $300 less than the salvage value for some equipment b) An increase in depreciation expense that lowers your taxes paid Oc) A $400 increase in accounts receivable during a sale d) Receiving $1000 more than you paid when you sell stocks e) A $500 increase in sales from a promotional even f) Selling 5 acres of land for $200 over the book value B) Obtaining $1000 in credit from a supplier h) Selling machinery for $100 over its salvage value
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