A fixed asset with a book value of $10,000 is sold for $12,000 cash. a. What is

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A fixed asset with a book value of $10,000 is sold for $12,000 cash.
a. What is the gain or loss recognized?
b. What amount of cash is generated by the transaction?
c. What adjustment must be made to the income for the period to obtain the funds from operations?

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