Information about comprehensive income is useful to external users for all of the following purposes except
A) evaluating management's performance
B) examining cash flows for the current period
C) predicting future income
D) assessing the risk of lending to the company
B
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Martinez owns an asset that cost $87,000 with accumulated depreciation of $40,000. The company sells the equipment for cash of $42,000. At the time of sale, the company should record:
A. A loss on sale of $5,000. B. A loss on sale of $2,000. C. A gain on sale of $5,000. D. A loss on sale of $45,000. E. A gain on sale of $2,000.
As our nation becomes more ________ and we increasingly interact with other nations around the globe, it is imperative that public administrators become culturally competent so as to better understand and serve the changing needs of communities and citizens.
A) Diverse B) Undemocratic C) Democratic D) Authoritative
Please identify the letter of the choice that best matches the term below.
A. Review ideas and eliminate some B. Use three-pile method to have group vote on each idea C. List the consequences of each idea D. Create a decision balance sheet E. List the pros and cons of each idea
The ________ value of money is the amount it will be worth a number of periods from the present.
A. present B. future C. cash D. investment