What is the amount of the income or loss from the acceptance of the offer?
A) $125,000 loss
B) $25,000 income
C) $125,000 income
D) $25,000 loss

Name: What is the amount of the income or loss from the acceptance of the offer? A) $125,000 loss B) $25,000 income C) $125,000 income D) $25,000 loss
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Question

Quizplus · Accepted Answer

The question states that the offer was for $800,000 and the actual selling price was $925,000, resulting in an income of $125,000. Therefore, the correct choice is C.

What Is the Amount of the Income or Loss from the Acceptance