Both the collection of principal and interest income from a loan made to a client would be reported as investing activities
Indicate whether the statement is true or false
F
Business
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Ngu owns equipment that cost $94,700 with accumulated depreciation of $64,800. Ngu asks $35,300 for the equipment but sells the equipment for $33,200. Compute the amount of gain or loss on the sale.
A. $3300 gain. B. $5400 gain. C. $3300 loss. D. $2100 gain. E. $5400 loss.
Business
The existence of uncollectible accounts is evidence of poor credit policies
Indicate whether the statement is true or false
Business
The "Rule of One" underlies the premise that all costs are
a. variable. b. fixed. c. unit-based. d. short-term.
Business
An iteration normally only includes three or four of the core processes
a. True b. False Indicate whether the statement is true or false
Business