Equipment that has no exchange or sales value, originally cost $875, and has depreciation totaling $700 . The transaction to discard the equipment would result in a

a. loss of $175.
b. gain of $175.
c. loss of $800.
d. loss of $875.


a

Business

You might also like to view...

Samantha would like to know how much cash was received from operating activities last year. She could easily find this information in the ______.

a. income statement b. revenue budget c. balance sheet d. cash flow statement

Business

Catalina and Christian share a work station on the assembly line. Catalina works the morning shift and Christian works the afternoon shift. Catalina is 5’2” tall and Christian is 5’10” tall. The works station can be lowered to Catalina’s height and then raised to Christian’s height. Catalina and Christian’s jobs have a(n) _______ design.

A. mechanistic B. organic C. biological D. perceptual-motor E. departmental

Business

What are forecasts?

A. Predictions based on time-series information. B. A statement about what will happen or might happen in the future such as future sales or employee turnover. C. A statistical process for estimating the relationships among variables. D. A statistical process that finds the way to make a design, system, or decision as effective as possible, for example, finding the values of controllable variables that determine maximal productivity or minimal waste.

Business

The purchase of equipment financed by a long-term notes payable is an example of ________

A) investing activity B) financing activity C) operating activity D) non-cash investing and financing activity

Business