The Blake e GroupMe Il Netflix-k isu Du tlo,Express DAC y Twitter . Discover KSU

Question

The Blake e GroupMe Il Netflix-k isu Du tlo,Express DAC y Twitter . Discover KSU1MyKSU n Facebook 0 YouTube P Pandora e Ch 5-6 Help Save & Exit A machine with a book value of $38,000 is sold for $32,000. Which of the following answers would accurately represent the effects of the sale on the financial statements? os as A. 38,000 NA + 38,000 B. (6,000)= NA + (6,000) C. (6,000)= NA + (6,000) D. (6,000)= NA + (6,000) 38,800 - 38,000 IA 6,000 (6,000) 6,000 OA NA 6,000(6,00) 6,000 IA NA - 6,000 (6,000) 32,000 IA NA 38,000 Prex 25 of 35 Next> o search

Explanation / Answer

Assets -6000 Liabilities NA Equity -6000 Rev/Gain 0 Exp./Loss 6000 Net inc. -6000 Cash flow 32000 IA Option D is correct

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