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Multiple Choice $3,300

Multiple Choice $3,300

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Multiple Choice $3,300. $4,800) $(5.800). None of these ansercholces ae comet < Piev 6 or 15
Transcribed Image Text:Multiple Choice $3,300. $4,800) $(5.800). None of these ansercholces ae comet < Piev 6 or 15
Help Save & Ext Su Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has cormmercial substance. Old Equipment Cash Book Value Fair Value Received Equipment A Equipment B $74,500 $81,600 $56,000 $12,300 $60,800 $ 9,600 For Equipment B, Pensacola would record a gain/(loss) of: DO Multiple Choice O $3,300. $14.800) ( Prev 6 of 15 Next>
Transcribed Image Text:Help Save & Ext Su Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has cormmercial substance. Old Equipment Cash Book Value Fair Value Received Equipment A Equipment B $74,500 $81,600 $56,000 $12,300 $60,800 $ 9,600 For Equipment B, Pensacola would record a gain/(loss) of: DO Multiple Choice O $3,300. $14.800) ( Prev 6 of 15 Next>
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