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During the Third Quarter of 20X4,Ripley Company Sold a Piece

Question 56

Multiple Choice

During the third quarter of 20X4,Ripley Company sold a piece of equipment at a $10,000 gain.What portion of the gain should Ripley report in its income statement for the third quarter of 20X4?


A) $10,000
B) $7,500
C) $2,500
D) $0

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