Which of the following is not true in regard to selling fixed assets?
a. The cash receipt is recorded.
b. If the selling price is more than the book value, a gain is recorded.
c. Accumulated Depreciation will be credited.
d. The journal entry is similar to discarding fixed assets.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is not true in regard to selling fixed assets? a. The cash receipt is recorded. b. If the selling price is more than ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
On January 1, 2020, a customer purchased a new $33,000 automobile, making a downpayment of $1,000. The customer signed a note indicating that the annual rate of interest would be 8% and that quarterly payments would be made over 3 years.
Answers (1)
The main goal when setting insurance goals is to
Answers (1)
Among the challenges facing those who practice the medical model today are cure versus control, the development of new drugs and
Answers (1)
The authors describe "writing programs" as: a. a fun, creative activity b. a tedious process c. a very mathematical and logical process d. an excellent learning process for end-users e. answers b and c
Answers (1)
In analyzing the gains and losses from international trade, to say that Moldova is a small country is to say that a. Moldova can only import goods; it cannot export goods. b.
Answers (1)
New Questions in Business
A group of dairy farmers is trying to raise milk prices by 10%. If the price elasticity of demand for milk is 0.
Answers (1)
Avido Inc. is expected to pay a $2.00 dividend at year end (D1 = $2.00), the dividend is expected to grow at a constant rate of 4.50% a year, and the common stock currently sells for $47.00 a share. The before-tax cost of debt is 6.
Answers (1)
Subsidizing medical services through medicare a. makes medical services available to a large percentage of the? population, who otherwise could not afford them. b.
Answers (1)
The Evanec Company's next expected dividend, D1, is $3.03; its growth rate is 5%; and its common stock now sells for $34.00. New stock (external equity) can be sold to net $28.90 per share. a. What is Evanec's cost of retained earnings? b.
Answers (1)
Zach returned $200 of merchandise to secret trails. his original purchase was $400, with terms 1/10, n/30. if justin pays the balance of his account after the discount period, how much should he pay?
Answers (2)