A company sold equipment for $5,000. The equipment originally cost $16,000 and had accumulated depreciation of $12,000. Which of the following statements is correct regarding the statement of cash flows prepared using the indirect method to report operating activities?
A) $5,000 will be added to net income.
B) Investing activities will reflect proceeds of $4,000 from the sale.
C) $1,000 will be added to net income.
D) $1,000 will be deducted from net income.
D
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Describe the difference between transformational leadership and transactional leadership.
What will be an ideal response?
The original mortgagor and mortgagee can transfer their interests to assignees whose right and obligations will depend primarily on which of the following?
A) Agreement of the parties to the assignment B) Legal rules protecting the interest of one who is party to the mortgage but not to the transfer C) Both of these. D) None of these.
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A) larger; lower B) smaller; lower C) larger; higher D) None of the above.