Office furniture was purchased for $45,000 . It had an estimated residual value of $7,000 and has a current carrying value of $9,000 . Its depreciable cost must have been
a. $36,000.
b. $38,000.
c. $32,000.
d. $29,000.
B
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Audits of Level 3 assets are the most straightforward as they involve an observable, active market
a. True b. False Indicate whether the statement is true or false
Bagrov Corporation had a net decrease in cash of $18,000 for the current year. Net cash used in investing activities was $60,000 and net cash used in financing activities was $46,000. What amount of cash was provided (used) in operating activities?
A. $(18,000) used. B. $(88,000) used. C. $88,000 provided. D. $124,000 provided. E. $(124,000) used.
You're Kidding Me, Inc., is a company that develops video games. The company's primary vision is innovation and quick adaptation to the changing environment of the gaming industry, particularly for children. The CEO of the company values creativity and frequently urges her employees to think outside-the-box in order come up with the next big idea. Which of the following best describes You're Kidding Me's organizational culture?
A. role B. adhocracy C. clan D. hierarchy E. market
The number of shares of stock outstanding generally is greater than the number of shares of stock issued.
Answer the following statement true (T) or false (F)