An example of a successful unilateral use of export controls was the embargo of wheat destined to Russia as a political response to the Russian invasion of Afghanistan
Indicate whether the statement is true or false
False
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When a company exchanges machinery and receives a trade-in allowance less than the book value, this transactionwould be recorded with which of the following entry?
a. debit Cash and Machinery; credit Accumulated Depreciation and Machinery b. debit Machinery, Accumulated Depreciation, and Loss on Exchange of Machinery; credit Machinery andCash c. debit Cash and Machinery; credit Accumulated Depreciation d. debit Machinery and Accumulated Depreciation; credit Machinery and Cash
Why do companies generally divide a market into segments of customers?
What will be an ideal response?
A total variance is best defined as the difference between total
a. actual cost and total cost applied for the standard output of the period. b. standard cost and total cost applied to production. c. actual cost and total standard cost of the actual input of the period. d. actual cost and total cost applied for the actual output of the period.
When a company sells machinery at a price equal to its book value, this transaction would be recorded with an entry that would include the following:
A) debit Cash and Accumulated Depreciation; credit Machinery B) debit Machinery; credit Cash and Accumulated Depreciation C) debit Cash and Machinery; credit Accumulated Depreciation D) debit Cash and Depreciation Expense; credit Accumulated Depreciation