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The following journal entry: Loss on sale of Fixed Assets $100,0uU Machine $220,000 A. Increases net income by $100,000 B. Decreases net income $100,000 C.

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The following journal entry: Loss on sale of Fixed Assets \$100,0uU Machine $220,000 A. Increases net income by $100,000 B. Decreases net income $100,000 C. Has no impact on net income D. Increases assets by $120,000 E. Decreases assets by $220,100 F. Both A. and E. G. B. D. and E. H. Both B. and E, 1. Both B. and D. J. A. D. and E

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