Spock Inc. exchanged merchandise that cost $ 19,000 and normally sold for $ 27,000 for a new delivery truck with a list price of $ 31,000. The delivery truck should be recorded on Spock's books at
A) $ 31,000.
B) $ 27,000.
C) $ 19,000.
D) $ 12,000.
Correct Answer:
Verified
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