If a corporation sells certain capital equipment for more than its initial purchase price, the difference between the sale price and the purchase price is called a(n) ________.
A) ordinary gain
B) revenue gain
C) capital gain
D) abnormal gain
C) capital gain
You might also like to view...
Which of the following is most likely a key organizational design characteristic suitable for global marketing?
A) a flat organizational structure B) a top-bottom one-way communication hierarchy C) a multilayered internal structure D) a hierarchy with a strong control over subordinates
In a manufacturing company, which one of the following audit procedures would give the least assurance about the valuation of inventory at the audit date?
A. Reviewing direct labor rates. B. Testing the computation of standard overhead rates. C. Examining paid vendors' invoices. D. Obtaining confirmation of inventories pledged under loan agreements.
Operating income is:
a. net sales less cost of goods sold. b. earnings before interest and tax. c. earnings before tax and nonrecurring items. d. gross profit less operating expenses. e. net income plus interest.
A technique that provides a dynamic view of a process using computers, multiple inputs, work centers, and processing techniques to help an operations manager look at the variability of a process under different conditions is known as a(n) ______.
A. value stream map B. process simulation C. Pareto mapping D. assembly chart