Balance Sheet Equation
Refer to Balance Sheet Equation.ORP Corporation sells land with a book value of $12,000 for $9,000.This transaction results in ORP recording an increase in cash of $9,000,a decrease in non-cash assets of $12,000 and a decrease in ______________________________ of $3,000.
retained earnings

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Balance Sheet Equation
  Refer to Balance Sheet Equation.ORP Corporation sells land with a book value of $12,000 for $9,000.This transaction results in ORP recording an increase in cash of $9,000,a decrease in non-cash assets of $12,000 and a decrease in ______________________________ of $3,000.
retained earnings

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The Answer of Balance Sheet Equation
  Refer to Balance Sheet Equation.ORP Corporation sells land with a book value of $12,000 for $9,000.This transaction results in ORP recording an increase in cash of $9,000,a decrease in non-cash assets of $12,000 and a decrease in ______________________________ of $3,000.
retained earnings

Balance Sheet Equation Refer to Balance Sheet Equation.ORP Corporation Sells Land