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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 16: Accounting for Property, plant, equipment, and Intangible Assets
  5. Question
    A Gain on the Sale of a Plant Asset Is
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A Gain on the Sale of a Plant Asset Is

Question 36

Question 36

Multiple Choice

A gain on the sale of a plant asset is listed as:


A) a liability on the balance sheet.
B) an asset on the balance sheet.
C) other expense on the income statement.
D) other income on the income statement.

Correct Answer:

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