A Machine with a Book Value of $38,000 Is Sold

question 74

Multiple Choice

A machine with a book value of $38,000 is sold for $32,000.Which of the following answers would accurately represent the effects of the sale on the elements of the financial statements?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Destructive

Inflicting severe and irreversible damage or harm.

Hostile Attribution Bias

The tendency to perceive ambiguous actions by others as aggressive.

Ambiguous Actions

Actions that can be interpreted in more than one way, often due to a lack of clear intent or information.

Hostility

Feelings of anger, aggression, or resentment towards others, often leading to antagonistic behavior.