Fred picks up an old broken chair from a neighbors trash pile at curbside on...

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Accounting

Fred picks up an old broken chair from a neighbors trash pile at curbside on garbage pickup day. Fred fixes up the old chair, re-stains it, and makes it look like new. He then sells it for $200 at a yard sale. Fred is required to share the $200 with his neighbor because it was his neighbors chair to begin with.

True or False

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