Business, 04.04.2020 13:01 ineedtopeebeforethec
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? Assets = Liab. + Equity Rev./Gain − Exp./Loss = Net Inc. Cash Flow A. 38,000 = NA + 38,000 38,000 − NA = 38,000 38,000 IA B. (6,000 ) = NA + (6,000 ) NA − 6,000 = (6,000 ) 6,000 OA C. (6,000 ) = NA + (6,000 ) NA − 6,000 = (6,000 ) 6,000 IA D. (6,000 ) = NA + (6,000 ) NA − 6,000 = (6,000 ) 32,000 IA
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A machine with a book value of $38,000 is sold for $32,000. Which of the following answers would acc...
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