An asset that cost $24,000 and has accumulated depreciation of $18,000 is sold for $5,200 . The entry to record the sale is:
a. Accumulated Depreciation— Asset 6,000
Asset 6,000
b. Cash 5,200
Accumulated Depreciation— Asset 18,000
Loss on Sale of Asset 800
Asset 24,000
c. Loss on Sale of Asset 18,800
Asset 18,800
d. Asset 18,000
Accumulated Depreciation— Asset 18,000
B
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A contingent liability is recorded if it is probable and can be reasonably estimated
a. True b. False Indicate whether the statement is true or false
Rapid urbanization of populations combined with industrialization in the emerging markets is quickly shifting the world's economic center of gravity from
A. China to India. B. the United States to South America. C. the Americas and Europe to Asia. D. East Asia to South America. E. Europe and Asia to Africa.
Jane Adams is a director at Wilderness, a travel house in Manhattan. What type of decisions would she have to make if Wilderness decides to open a new branch of the company in Chicago?
A) strategic-level decisions B) tactical-level decisions C) operational-level decisions D) mid-level decisions
Removing and disabling ________ that may contain sensitive security data presents an excellent example of the trade-off between improved security and cost.
A. bookmarks B. toolbars C. key loggers D. pop-ups E. cookies