Regarding a firm that abandons an asset,
a. there is usually no market for the asset.
b. the book value of an abandoned asset is eliminated from the balance sheet.
c. the firm recognizes a loss in an amount equal to the book value of the abandoned asset in the period that the asset is abandoned.
d. all of the above
e. none of the above
D
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Certain items of income or expense are not included in income of a Subchapter S corporation but, instead, are separately stated on Schedule K-1. List some items that are separately stated.
What will be an ideal response?
A firm with assets that will convert to cash within the next 12 months, in excess of its obligations to pay cash in this same interval, has
a. positive working capital and a current ratio that is less than one. b. positive working capital and a current ratio that exceeds one. c. negative working capital and a current ratio that exceeds one. d. negative working capital and a current ratio that is less than one. e. a serious liquidity problem.
The "four Ms" of cause-and-effect diagrams are:
A) material, machinery/equipment, manpower, and methods. B) material, methods, men, and mental attitude. C) named after four quality experts. D) material, management, manpower, and motivation. E) mentality, motivation, management, and manpower.
The selection and prioritization process of organizational projects has to align with the goals and strategy of the organization
Indicate whether the statement is true or false