On December 31, Strike Company sold one of its batting cages for $55,000 . The equipment had an initial cost of$310,000 and has accumulated depreciation of $260,000 . Depreciation has been taken up to the end of the year.What is the amount of the gain or loss on this transaction?
a. loss of $55,000
b. loss of $5,000
c. gain of $5,000
d. gain of $55,000
c
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Karl Company accrued wages of $8850 that were earned by employees unpaid at the year-end. Assuming Karl uses reversing entries, which of the following entries correctly reverses the accrued wages at the beginning of the following year?
A. Debit Wages Payable $8850; credit Wages Expense $8850. B. Debit Wages Expense $8850; credit Cash $8850. C. Debit Wages Payable $8850; credit Cash $8850. D. Debit Cash $8850; credit Wages Expense $8850. E. Debit Wages Expense $8850; credit Wages Payable $8850.
Which of the following is most likely to live in a country other than the one of his or her origin for more than six months at a time?
a. an expatriate b. a global domestic c. a virtual leader d. people who want to better themselves
Americans value hard work and achievement while Japanese citizens value harmony and hierarchy. This shows a difference in ________ factors.
A. cultural B. social C. psychological D. internal E. situational
Desired production volume and variety of goods/services desired are, generally, the guiding criteria for determining?
a. A match of supplier to manufacturer b. A match of production process to product c. A match of transportation provider to customer d. A match of production output to customer