Multiple Choice
During the second quarter of 2017, Clearwater Company sold a piece of equipment at a gain of $90,000. What portion of the gain should Clearwater report in its income statement for the second quarter of 2017?
A) $90,000
B) $45,000
C) $30,000
D) $ -0-
Correct Answer:
Verified
Correct Answer:
Verified
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