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If Sohar East Trading Company sold a land for $50,000 that had originally cost of $45,000. Based on the provided information which of the following

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If Sohar East Trading Company sold a land for $50,000 that had originally cost of $45,000. Based on the provided information which of the following is true? a. Sohar East Trading Company will record a loss of $5,000. b. Sohar East Trading Company will record a gain of $5,000. C. Sohar East Trading Company will record sales revenue of $45,000 d. None of the options

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