Long Island Company discards a truck that was originally purchased for $50,000 and had accumulated depreciation of $30,000. Prepare the journal entry for the disposal. Omit explanation.
What will be an ideal response?
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Ryan is preparing a presentation for his department. During his research, he gathers information from outside agencies, the state government, and from separate media agencies. These are known as
a. internal sources. b. relative sources. c. impact sources. d. external sources.
The Pareto chart is a good tool to use ______.
A. when the data from a manufacturing or a service process can be broken down into categories and the frequency of occurrences in each category can be counted B. when we are considering only services C. when we want to show the correlation between two variables D. when we want show changes over a period of time
Why are sole proprietorships so much more popular in terms of the number of firms than corporations? (This answer should identify the significant advantages to the sole proprietorship versus those of other forms of business organization.)
What will be an ideal response?
In many cases, traditional, volume based product costing may overcost low-volume and complex products, while undercosting high-volume and relatively simple products.
Answer the following statement true (T) or false (F)