When a company exchanges machinery and receives a trade-in allowance less than the book value, this transaction would be recorded with the following entry:
A) debit Machinery and Accumulated Depreciation; credit Machinery and Cash
B) debit Cash and Machinery; credit Accumulated Depreciation
C) debit Cash and Machinery; credit Accumulated Depreciation and Machinery
D) debit Machinery, Accumulated Depreciation, and Loss on Disposal; credit Machinery and Cash
D
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Which of the following are characteristic of carbohydrates? Select all that apply.A) The monomer subunits are called amino acids.B) The monomer subunits are constructed primarily from carbon, hydrogen, and oxygen.C) Carbohydrates provide an immediate source of energy for cells.D) Starch is a carbohydrate found specifically in fungi.E) Chitin is a carbohydrate found in the exoskeletons of crabs and other similar animals.
What will be an ideal response?
Under the MBCA, a director:
A. will have dissented if he or she waits for three months after the meeting to bring up dissent. B. will not have dissented if he or she refuses to vote for the proposed course of action. C. will have dissented if he or she gives a written notice of dissent immediately following the meeting. D. will not have dissented even if he or she makes his or her dissent clear to the other board members by having it appear in the minutes.
Which of the following retail stores is most likely to have a racetrack layout?
A. Ted's department store B. Star Tax Service C. Linda's Beauty Salon D. Claire's Boutique E. Essential supermarket
What should the salesperson most likely do to identify new prospects in the same territory and industry?
A) Contact people in different departments of current client companies. B) Use the firm's Website to develop a global contact network. C) Develop an elevator pitch for an educational seminar. D) Write an article for a national trade publication. E) Network with support staff at a competing firm.