Butte sold a machine to a machine dealer for $50,000. butte bought the machine for $55,000 several years ago and has claimed $12,500 of depreciation expense on the machine. what is the amount and character of butte's gain or loss?

An asset was purchased for $138,000 on January 1, Year 1 and originally estimated to have a useful life of 8 years with a residual value of $10,500.

When preparing an unadjusted trial balance using a periodic inventory system, the amount shown for merchandise inventory is:?

A legal written promise to pay borrowed money back at a fixed rate of interest over a fixed period of time is a

The payment of a portion of the amount initially borrowed of an installment note is referred to as a. principal only. b. interest only. c. any amount able to be paid. d. principal and interest.

which of graeter's stakeholders are most affected by the family's decision to take long - term view of the business rather than aiming for short - term profit?

Quarrels among business associates have become common. The associates quarrel over what products the firm should sell, division of authority, selection of personnel, whether to bring family members into the business, whether to expand, and who is

Kroger Supermarkets changes its ads constantly to describe new products it has for sale and different price specials it offers.

Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 271,240 Aug. 31 Goods finished 190,490 31 Direct materials X 31 Direct labor 32,700 31 Factory overhead X Factory Overhead Aug. 1 - 31 Costs incurred 112,690 Aug.

Which of the following is true of customers who are regarded as ""promoters"" based on the net promoter score associated with these customers? A. They spread negative comments about the organization. B. They usually defect at higher rates. C.

Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realization, their capital balances are $36,000 and $24,000, respectively.