In Case B,Pensacola would record a gain/(loss)of:
A)$ 4,000.
B)$ (4,000).
C)$ (10,000).
D)None of these answer choices are correct.

Question

Quizplus · Accepted Answer

In Case B, Pensacola would have to pay out $10,000 for the insurance claim, but they would receive $6,000 from the sale of the damaged goods. Therefore, their net loss would be $4,000, which is represented by the parentheses in option B.

In Case B,Pensacola Would Record a Gain/(loss)of