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Burton Company Sold Land for $25,000 Cash $\text { None of these. }$

Question 128

Multiple Choice

Burton Company sold land for $25,000 cash. The original cost of the land was $25,000. Select the answer that indicates how this event affects the company's financial statements. $Burton Company sold land for $25,000 cash. The original cost of the land was $25,000. Select the answer that indicates how this event affects the company's financial statements. A) B) C) D) \text { None of these. }$

A)
$Burton Company sold land for $25,000 cash. The original cost of the land was $25,000. Select the answer that indicates how this event affects the company's financial statements. A) B) C) D) \text { None of these. }$
B)
$Burton Company sold land for $25,000 cash. The original cost of the land was $25,000. Select the answer that indicates how this event affects the company's financial statements. A) B) C) D) \text { None of these. }$
C)
$Burton Company sold land for $25,000 cash. The original cost of the land was $25,000. Select the answer that indicates how this event affects the company's financial statements. A) B) C) D) \text { None of these. }$
D)
$\text { None of these. }$