Multiple Choice
anthe Corporation had the following transactions occur in the current year:1. Cash sale of merchandise inventory. 2. Sale of delivery truck at book value. 3. Sale of Xanthe common stock for cash. 4. Issuance of a note payable to a bank for cash. 5. Sale of a security held as an available-for-sale investment. 6. Collection of loan receivable.
A) Five items
B) Four items
C) Three items
D) Two items
Correct Answer:
Verified
Correct Answer:
Verified
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