When a company exchanges machinery and receives a trade-in allowance greater than the book value, this transaction would be recorded with the following entry:
A) debit Machinery and Accumulated Depreciation; credit Machinery, Cash, and Gain on Disposal
B) debit Machinery and Accumulated Depreciation; credit Machinery and Cash
C) debit Cash and Machinery; credit Accumulated Depreciation
D) debit Cash and Machinery; credit Accumulated Depreciation and Machinery
B
You might also like to view...
Total logistics costs for a supply chain network are a sum of
A) inventory and facility costs. B) inventory, facility, and distributor costs. C) facility, transportation, and distributor costs. D) inventory, transportation, and facility costs.
Granville Co. recently purchased several shares of Kalvaria Electronics' preferred stock. The preferred stock has a before-tax yield of 8.60%. If the company's tax rate is 15%, what is Granville Co.'s after-tax yield on the preferred stock? Assume a 70% dividend exclusion for tax on dividends. (Round your final answer to two decimal places.)
A. 7.47% B. 8.21% C. 8.95% D. 9.53% E. 8.79%
When an employer uses a prohibited criterion rather than a neutral rule while making an employment decision thus adversely affecting a protected class, it is termed as ________
a. disparate impact b. disparate treatment c. affirmative action d. reverse discrimination
The statement "This chainsaw is the best one on the market" will most likely create an express warranty.?
Indicate whether the statement is true or false