Ken values his boat at $5,000, and Monica values it at $8,000. If Monica buys it from Ken for $7,000, which of the following is true?
A) Ken gains $2,000 of value, and Monica gains $1,000 of value.
B) Ken gains $7,000 of value, and Monica loses $7,000 of value.
C) Ken gains $7,000 of value, and Monica gains $3,000 of value.
D) Ken and Monica both gain $7,000 of value.
Correct Answer:
Verified
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