A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
A. $5,000.
B. $50,000.
C. $45,000.
D. Zero. This is an operating activity.
E. Zero. This is a financing activity.
Answer: B
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A. ethical B. communal C. mercenary D. spiritual
In preparing the overhead budget, many companies use:
A) activity-based costing. B) multiple drivers for a simple budget. C) a unit-based driver such as direct labor hours. D) participative costing. E) none of these.
Jade is in charge of a group of employees who distribute packages around the world. Her main focus is making sure that the packages are received at the proper location and on time. Jade’s focus is on which management function?
a. Planning b. Organizing c. Leading d. Controlling
The failure to disclose a current employee's conduct that resulted in dismissal and harm to a prospective employer is a breach of ethics
Indicate whether the statement is true or false