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Save 0.75 points 1. Delmon Co. and Tylos Co. have an exchange with no commercial...

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Save 0.75 points 1. Delmon Co. and Tylos Co. have an exchange with no commercial substance. The asset given up by Delmon has a book value of BD 120,000 and a fair value of BD135,000. The asset given up by Tylos has a book value of BD220,000 and a fair value of BD200,000 Cash of BD65,000 is received by Tylos. The journal entry made by Tylos to record the exchange will include: O A. A credit to Equipment for BD200,000. OB. A debit to Loss on Exchange for BD20,000. O C. A credit to Gain on Exchange for BD20,000. O D. A credit to Cash for BD65,000

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