If a fixed asset with a book value of $10,000 is traded for a similar fixed asset, a trade-in allowance of $15,000 isgranted by the seller, and the transaction is deemed to have commercial substance, the buyer would report a gainon exchange of fixed assets of $5,000
a. True
b. False
Indicate whether the statement is true or false
True
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The income statement is an important financial statement for all of the following reasons, except
A) the income statement helps shareholders evaluate management's operating effectiveness. B) past income statements can be useful indicators in predicting current and future cash dividend payments as well as future stock prices. C) the income statement provides useful information concerning the corporation's ability to generate sufficient cash flows from operations for use in payment of its operating obligations. D) the income statement reports the amount of net cash inflows resulting from operating, financing, and investing activities to users.
How do retailers and vendors ensure that the information that passes back and forth between them is secure?
A. With a high level of planning, implementation, and control of the flow of information, the information will be secure. B. Suppliers, customers, and new clients all have a form of access to information. C. The system ensures that the information received has not been tampered with by ensuring that the communication is both authentic and authorized. D. There is an element of trust that is necessary in doing business with one another. E. Paper hard copies are sent back and forth for comparison to be certain that the information is accurate.
Which of the following is not a destination store?
A. AMC Movie Theaters B. The Home Depot C. IKEA D. Kroger grocery store E. Bath & Body Works
What are the roles that training and development professionals can take according to the ATD competency model?
What will be an ideal response?