State whether the corporation recognize a gain, and identify the character of the gain.

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If a corporation sells certain capital equipment for more than its initial purchase price, the difference between the sale price and the purchase price is called a(n). O revenue gain O abnormal gain O capital gain O ordinary gain

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Chapter 17, Problem 17DQ

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State whether the corporation recognize a gain, and identify the character of the gain.

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If a corporation sells certain capital equipment for more than its initial purchase price, the difference between the sale price and the purchase price is called a(n). O revenue gain O abnormal gain O capital gain O ordinary gain

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