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Question: evergreen inc sold an asset with a book value of...

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Evergreen, Inc. sold an asset with a book value of $58,000 for $31,000 cash. Which of the following is a TRUE statement? O A. O B. ° C. 0 D. Loss on sale equals $27,000 and Cash inflow equals $31,000. Loss on sale equals S31,000 and Cash inflow equals $31,000. Loss on sale equals $31,000 and Cash inflow equals S27,000. Loss on sale equals $58,000 and Cash inflow equals $58,000.

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