Preparing people for promotion or retirement relates to rites of
A. passage.
B. inclusion.
C. enhancement.
D. acceptance.
E. integration.
Answer: A
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On December 31, Strike Company sold one of its batting cages for $20,000 . The equipment had an initial cost of$310,000 and had accumulated depreciation of $260,000 . Depreciation has been recorded up to the end of theyear. What is the amount of the gain or loss on this transaction?
a. loss of $30,000 b. gain of $30,000 c. loss of $20,000 d. gain of $20,000
A stock index tells you
A. the average price of a collection of stocks. B. the expected changes in the prices of select stocks over a year. C. where to buy or sell stocks. D. what stocks to buy or sell.
The sale of a depreciable asset resulting in a loss indicates that the proceeds from the sale were
a. less than current market value. b. greater than cost. c. greater than book value. d. less than book value.
Which is a use of cash?
a. an increase in inventory b. a decrease in accounts receivable c. decrease in equipment d. an increase in accounts payable e. an increase in bonds payable