A gain is recognized on the disposal of plant assets when:

a. The sales price is greater than the book value and less than the residual value.
b. The sales price is greater than the book value and greater than the residual value.
c. The sales price is less than both the book value and the residual value.
d. The sales price is greater than the residual value but less than the book value.


b

Business

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D) Bennett Company

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A general agent may transact business that is outside the scope of his or her express authority.?

Indicate whether the statement is true or false

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