Multiple Choice
On January 2 2022 Dabney Company purchased a copyright from North Company for $200000.The copyright was recorded on North's books for $160000.It is estimated that the copyright has a remaining useful life of 2 years.Use the following tabular analysis to record the sale of the copyright by North. 
A) Decrease Copyrights $160000 increase Revenues $40000 and increase Cash $200000.
B) Increase Revenues and Cash $200000.
C) Increase Expenses and decrease Patents $80000.
D) Increase Cash and decrease Patents $200000.
Correct Answer:
Verified
Correct Answer:
Verified
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