Moving to another question will save this response Question 13 $ $ OY b $...
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Moving to another question will save this response Question 13 $ $ OY b $ Co. exchanged land and $8500 cash for equipment. The book value and the fair value of the land were $107.000 and $88,900, respectively Assuming that the exchange has commercial substance.Co.A would record equipment and a gain/floss) on exchange of assets in the amounts of Equipment Gain (loss) a. 97,400 (18,10 88,900 S (26,60 0) c 107.00 18,100 0 107,00 O $ (8500) Option A Option B Option Option D $ $ d. $ 39
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