On January 1, 2013, Petersen Corp sold a piece of equipment for $3,000 which it had used for several years. The equipment had cost $13,000, and its accumulated depreciation amounted to $9,000 at the time of the sale. What are the net effects on the accounting equation of selling the equipment?
a. Assets and Stockholders' Equity increase $1,000.
b. Assets decrease and Stockholders' Equity increases $3,000.
c. Assets and Stockholders' Equity decrease $1,000.
d. Assets and Stockholders' Equity decrease $3,000.
c
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A. ?A dynamic, stochastic, general-equilibrium model B. ?A structural macroeconomic model C. ?A business-cycle model D. A statistical model
Recalculation of hash totals is an example of a
a. completeness test b. redundancy test c. both a. and b. d. neither a. nor b.
Xbrl
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You are evaluating a training program. You are trying to use triangulation methods during your evaluation. Which one of the following is NOT a reasonable triangulation method?
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