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Philip is in the third grade, and he is reinforced by his mother with a quarter for every "A" he makes on a test, quiz, homework, or class work assignment he brings home. This reinforcement of Phillip's grades illustrates which of the following?
Loss on Disposal
An accounting term referring to the loss incurred when a fixed asset is sold or disposed of for less than its carrying amount on the books.
No Gain
Refers to a situation in financial or business transactions where there is no profit or increase in value.
Gain on Disposal
is the financial profit made from the sale of an asset, which exceeds its carrying amount.
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