Equipment with an original cost of $60,000 and accumulated depreciation of $20,000 was sold at a loss of $7,000. As a result of this transaction, cash would
A) increase by $33,000
B) decrease by $7,000
C) increase by $40,000
D) decrease by $27,000
A
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In the context of maintaining flexibility while planning, unlike traditional planning, options-based planning:
a. involves committing people and resources to a particular course of action. b. involves making large investments in many alternative plans over a long period of time. c. reduces flexibility. d. involves maintaining slack resources.
______ is the overall perception of what is fair in an organization.
A. Organizational commitment B. Perceived organizational support C. Expectancy theory D. Organizational justice
The capital accounts of Harrison and Marti have balances of $180,000 and $130,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Harrison invested an additional $20,000. During the year, Harrison and Marti withdrew $96,000 and $78,000, respectively, and net income for the year was $248,000. The articles of partnership make no reference to the division of
net income. Based on this information, the statement of partners' equity for the 2010 for the partnership would show what amount in the capital account for Marti on December 31, 2010? A) $228,000 B) $176,000 C) $404,000 D) $52,000
The debt ratio:
a. excludes short-term liabilities. b. excludes noncontrolling shareholders' interests. c. includes deferred tax liabilities. d. excludes redeemable preferred stock.