A plant asset with a cost of $360,000 and accumulated depreciation of $342,000 is sold for $42,000. what is the amount of the gain or loss on disposal of the plant asset?

If we assume that the current equilibrium wage for low-skilled labor is $8 per hour and the minimum wage is increased from $5.75 to $7.25 per hour, then A. unemployment among low-skilled workers will increase. B.

A company receives a $50,000 cash deposit from a customer on October 15 but will not provide services until November 20. Which of the following statements is true? a. The company records cash collection on November 20. b.

Fink Insurance collected premiums of $17,900,000 from its customers during the current year. The adjusted balance in the Deferred premiums account increased from $4.0 million to $8.4 million dollars during the year.

An actor is a person that plays a particular role within a business process. select one: a. false b. true

Kenya sells her 20% partnership interest having a $28,000 basis to Ebony for $50,000 cash At the time of the sale, the partnership has no liabilities and its assets are as follows: Basis FMV Cash Unrealized receivables Land $20,000 60,000 100,000

n 2010, the country of Vesey exported goods worth $312 billion and services worth $198 billion. It imported goods worth $525 billion and services worth $255 billion. It sent $1.

Mohave Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $315,000. The estimated fair values of the assets are land $60,000, building $220,000, and equipment $80,000.

Responsible boaters use cleaning products that won't harm lakes or rivers. which product is a responsible choice for cleaning your boat

During a recessionary period, which of the following economic behavior would be expected? Consumer would switch from premium brands to lower-priced ones. Consumer use of credit would increase. Taxes would increase nationally.

Rank the following types of businesses in order of risk to you, with the highest being number 1: partnership, limited partnership, limited liability company, sole proprietorship