Universal Corp. sold a used piece of machinery for $11,000 that it had purchased for $15,000. At the time of the sale, accumulated depreciation relating to the machinery was $6,000. As a result of this sale:
A. assets decrease by $4,000.
B. revenues increase by $2,000.
C. net income increases by $2,000.
D. assets increase by $11,000.
Answer: C
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Indicate whether the statement is true or false
A(n) ____________________ is a type of electronic business card that is attached to Internet transaction data to verify the sender of the data.
Fill in the blank(s) with the appropriate word(s).
Guttery Corporation has provided the following financial data from its balance sheet: Year 2Year 1Accounts receivable, net$112,000 $110,000 Inventory$174,000 $150,000 Total assets$1,236,000 $1,250,000 Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.The company's total asset turnover for Year 2 is closest to:
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Which of the following measures do HMACs use?
A) Symmetric key encryption B) Public key encryption C) Hashing D) All of the above