Atlanta Company sold equipment for cash. The income statement shows a gain on the sale of $1020. The net book value of the asset was $3810. Which of the following statements describes the cash effect of the transaction?
A) negative cash flow of $4830 for financing activities
B) negative cash flow of $2790 for operating activities
C) positive cash flow of $4830 from investing activities
D) positive cash flow of $2790 from investing activities
C) positive cash flow of $4830 from investing activities
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Kapcom Telecom wants to implement an on-the-job training program for the sales staff who are unaware of the technical aspects of the firm's products. The lack of technical knowledge among its sales staff is harming the company's prospects of securing lucrative contracts. Although Kapcom's IT team is well versed in various technologies, it is not well suited to handle a training program. However, the best IT trainers in the industry cost more than Kapcom can afford to spend on the training program. This scenario illustrates
A. situational constraints. B. experiential conflicts. C. social support. D. simulation. E. psychological mindedness.
The Allowance for Bad Debts account is a contra-asset account
Indicate whether the statement is true or false
Which of the following will be most useful to a court in determining the standard of care
in a case in which professional negligence has been alleged? A) evidence from a law professor B) evidence from another qualified person in the same field C) the opinion of another professional D) the opinion of a witness E) a textbook
A release bars any further recovery beyond the terms stated in the release
Indicate whether the statement is true or false