When a positive value is assigned to the INCREMENT BY clause of the CREATE SEQUENCE command, numeric values are generated in descending order
a. True
b. False
Indicate whether the statement is true or false
False
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On January 1, 2015, Danville Corporation acquired a machine at a cost of $60,000. The machine's service life was estimated to be ten years and its residual value to be $6,000. The straight-line method was used for depreciation. On January 1, 2020, the machine was no longer useful and was sold for $3,000. For 2020, in regard to this machine, how much of a loss should Danville record?
A) $27,000 B) $30,000 C) $3,000 D) $60,000
There are three variations of the multidivisional structure.
Answer the following statement true (T) or false (F)
The safety of a corporate bond is often determined by
A) the face value of the bond. B) the coupon rate of the bond. C) the bond indenture. D) the protective covenants included in the bond indenture.
Abby previously owned 200 shares of NEWAGE stock at $25 per share. Today the company split the stock in a 3:1 split. Now what is the value of Abby's stock?
A) $5,000 B) $6,000 C) $2,500 D) $200