A Book Manufacturing Company Sells Equipment for $450,000 When the Book

Multiple Choice

A book manufacturing company sells equipment for $450,000 when the book value of the equipment is $400,000. The company would record the extra $50,000 as:

A) a gain, increasing net income and stockholders' equity.
B) revenue, increasing net income and stockholders' equity.
C) cash, increasing assets and stockholders' equity.
D) accumulated depreciation, increasing assets and stockholders' equity.