If the selling price of an asset at disposal is less than its book value, then the after-tax cash flow is the selling price minus the tax on the gain
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: If the selling price of an asset at disposal is GREATER than its book value, then the after-tax cash flow is the selling price minus the tax on the gain.
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a. must deal with highly seasonal sales trends b. is open for short hours c. is open for long hours d. has loyal part-time workers
Utilitarianism is a philosophical theory, first developed by Jeremy Bentham
Indicate whether the statement is true or false
Are there differences in Money by Department?
Under the Secured Transactions Article of the UCC, which of the following security agreements does not need to be in writing to be enforceable?
a. A security agreement collateralizing a debt of less than $500. b. A security agreement where the collateral is highly perishable or subject to wide price fluctuations. c. A security agreement where the collateral is in the possession of the secured party. d. A security agreement involving a purchase money security interest.