A printer that cost $600 and has been owned for 2 years is traded in for a new one. Depreciation in the amount of $120 had been taken each year. The new printer has a fair market value of $1,250 . A trade-in allowance of $400 is granted, and the balance is paid in cash. The transaction to enter the exchanges of these two assets would result in the recognition of
a. a gain of $40.
b. a loss of $40.
c. a gain of $200.
d. neither a gain nor a loss.
a
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The public relations department is the unit in the company that:
A) manages publicity and other communications with all groups that contact the firm B) manages advertising and promotions C) monitors quality control and operations D) handles in-bound telemarketing calls
It has been estimated that firms spend over 10% of sales on marketing research, whether it is supplied internally or externally
Indicate whether the statement is true or false
The 4 major components of traditional U.S. union contracts include all of the following except:
A. Employee rights B. Management rights C. Job Rights D. Government rights
Which of the following statements describes an invoice from a supplier?
A) It is an order to purchase goods from a supplier. B) It is a statement from the supplier showing the goods purchased and the amount due. C) It is a report showing that the goods have been received in good condition, as ordered. D) It is a document authorizing a payment to a supplier.