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  3. a company sells equipment for $450,000 when the bo

A company sells equipment for $450,000 when the book value of the equipment is $400,000....

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Accounting

A company sells equipment for $450,000 when the book value of the equipment is $400,000. The company would record the extra $50,000 as:

revenue, increasing net income and stockholders' equity.

expenses, decreasing net income and stockholders' equity.

a loss, decreasing net income and stockholders' equity.

a gain, increasing net income and stockholders' equity.

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