The following journal entry: Cash $100,000 Accumulated Depreciation $20,000 Loss on sale of Fixed Assets...
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Accounting
The following journal entry:
Cash $100,000
Accumulated Depreciation $20,000
Loss on sale of Fixed Assets $100,000
Machine $220,000
A. Increases net income by $100,000
B. Decreases net income $100,000
C. Has no impact on net income
D. Increases assets by $120,000
E. Decreases assets by $220,100
F. Both A. and E.
G. B. D. and E.
H. Both B. and E,
I. Both B. and D.
J. A. D. and E.
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