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A business sold equipment for $46,500 cash. The equipment was purchased one month earlier for $46,500...

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A business sold equipment for $46,500 cash. The equipment was purchased one month earlier for $46,500 but the plans for the equipment changed. O A. Debit Equipment for $46,500 and credit Cash for $46,500. O B. Debit Cash for $46,500 and credit Equipment for $46,500. OC. Debit Retained Earnings for $46,500 and credit Equipment for $46,500. O D. Debit Equipment for $46,500 and credit Retained Earnings for $46,500. A business sold equipment for $46,500 cash. The equipment was purchased one month earlier for $46,500 but the plans for the equipment changed. O A. Debit Equipment for $46,500 and credit Cash for $46,500. O B. Debit Cash for $46,500 and credit Equipment for $46,500. OC. Debit Retained Earnings for $46,500 and credit Equipment for $46,500. O D. Debit Equipment for $46,500 and credit Retained Earnings for $46,500.

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Intermediate Accounting IFRS

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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