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XYZ Company receives net proceeds of $42,000 on the sale of share investments that cost $39,500. This transaction will result in reporting in the income

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XYZ Company receives net proceeds of $42,000 on the sale of share investments that cost $39,500. This transaction will result in reporting in the income statement Select one: a. loss 3500 b. loss 2500 c. gain 2500 d. gain 3500

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