A Company Sells Used Equipment with a Book Value of $100,000

Multiple Choice

A company sells used equipment with a book value of $100,000 for $250,000 cash.How would this transaction affect the company's balance sheet?

A) Equity rises $250,000;net plant and equipment falls $250,000.
B) Cash rises $250,000;net plant and equipment falls $100,000;equity rises $150,000.
C) Cash rises $250,000;accounts receivable falls $100,000;goodwill rises $150,000.
D) Cash rises $250,000;net plant and equipment falls $250,000.