Multiple Choice
[The following information applies to the questions displayed below.]
An analysis of changes in selected balance sheet accounts of Johnson Corporation shows the following for the current year:
Johnson's income statement for the current year includes a $14,000 loss on disposal of plant assets.All payments and proceeds relating to purchase or sale of plant assets were in cash.
-Total cash proceeds received by Johnson from sales of plant assets during the current year amounted to:
A) $ 13,000.
B) $ 104,000.
C) $195,000.
D) $ 41,000.
Correct Answer:

Verified
Correct Answer:
Verified
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