A company using the group depreciation method for its delivery trucks retired one of the trucks after the average service life of the group was reached. Cash proceeds were received from a salvage company. The net carrying amount of these group asset accounts would be decreased by the
a. original cost of the truck.
b. original cost of the truck less the cash proceeds.
c. cash proceeds received.
d. cash proceeds received and original cost of the truck.
C
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A star topology is appropriate
a. for a wide area network with a mainframe for a central computer b. for centralized databases only c. for environments where network nodes routinely communicate with each other d. when the central database does not have to be concurrent with the nodes
A credit sale is made to a customer, even though the customer's account is four months overdue. Describe a specific internal control procedure that would prevent this from happening
Internal personnel whose primary responsibility is the retail audit are _____
a. consultants b. company department managers c. outside auditors d. company audit specialists
Frank's' views on discrimination in employment aligns with those of the neo classical economists. What arguments would Frank make to his employer as reasons not to engage in discriminatory practices?
a. It would be too costly to the company. b. Equal opportunities would not be created c. All discrimination is illegal d. It would be a chance to right past wrongs