Buyer brokers do not earn a commission, only a flat fee
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On December 31, Strike Company traded-in one of its batting cages for another one that has a cost of $500,000.Strike receives a trade-in allowance of $11,000 . The old equipment had an initial cost of $215,000 and hasaccumulated depreciation of $185,000 . Depreciation has been recorded up to the end of the year. The differencewill be paid in cash. What is the amount of the gain or loss on this
transaction? a. loss of $11,000 b. no loss or gain will be recorded c. loss of $19,000 d. gain of $11,000
For which of the following special purpose financial statements is an emphasis-of-matter paragraph alerting readers about the preparation in accordance with the special purpose framework not required?
a. Cash basis. b. Tax basis. c. Regulatory basis for general use. d. Contractual basis.
Marcus owns 500 shares of Pharmacon Inc. The firm has a quarterly dividend policy of $0.50 per share or the option to reinvest the cash dividends into additional shares of company stock
If the stock is selling for $128.00 per share ex-dividend, how many shares of stock will Marcus receive in the next dividend period if he chooses the dividend reinvestment plan? A) 0.78 shares B) 1.25 shares C) 1.95 shares D) 16.21 shares
For Web sites to be successful, structural firmness is a must
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