The portion of an asset's sale price that is above its book value and below its initial purchase price is called ________
A) a capital gain
B) recaptured depreciation
C) a capital loss
D) book value
B
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Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $18,525. Clayborn's May bank statement shows $17,000 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit$5650?Outstanding checks$4900?Bank service fees, not yet recorded by company$40?A NSF check from a customer, not yet recorded by the company$735?The adjusted cash balance should be:
A. $17,775 B. $17,750 C. $18,485 D. $12,100 E. $22,650
A sports fan, injured by a hockey puck that flew into the stands during an NHL game, would be subject to the defense of assumption of the risk in a suit to recover for her injuries
a. True b. False Indicate whether the statement is true or false
Stock price maximization requires _____.
A. sale of high-quality goods and services at the highest possible prices B. efficient, low-cost plants that produce high-quality goods and services C. the development of products that can be sold at a higher price to consumers D. investment in high-cost plants to manufacture efficiently E. investment in one business establishment to cut the operational cost of multiple establishments
Which of the following is a problem of the Social Security system?
A. Social Security benefits do not directly depend on the withholdings assessed against the employee who is retiring. B. Individuals can avail full Social Security benefits as early as at the age of 55, which puts undue pressure on a firm's resources. C. The state often lacks a sufficient amount of funds needed to cover all retirees. D. It provides limited income to those retirees who do not have other sources of income, that is, no part-time work or pension plans.