Book value less than cash received

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Reference no: EM13259062

If a fixed asset is sold and the book value is less than cash received, the company must __________.

a. Recognize a loss on the income statement under otherexpenses

b. Recognize a loss on the income statement under operatingexpenses

c. Recognize a gain on the income statement under otherrevenues

d. Gains and losses are not to be recognized upon the sell offixed assets

Reference no: EM13259062

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