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ExtremeBDS [4]
3 years ago
14

When an asset is sold, a gain occurs when the:______.

Business
1 answer:
Serhud [2]3 years ago
5 0

Answer:

a. sale price exceeds the book value of the asset sold.

Explanation:

The gain recognized when the sale price is exceeded than the book value i.e

Gain recognized = Sale price - book value

where

Sale price is the selling price of the asset

And, the book value is the carrying value of the asset

Book value = Acquired value of an asset - accumulated depreciation

Hence, the option a is correct

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marusya05 [52]

Answer:

Correct answer is:

Debit Salaries Expense $840

Credit Salaries Payable $840

Explanation:

2 employees each paid at $ 210 per day so daily salary expense is $210*2 = $420.

The accounting period ends on Tuesday and both employees work for Monday and Tuesday so the 2 days salaries expense is $420*2= $840.

As the salaries are paid on every Friday so there is a liability on a company for the 2 days salary payable to be recorded on accounting period close date i.e Tuesday.

4 0
3 years ago
Read 2 more answers
A _____ occurs when two or more transactions wait for each other to unlock data.
Zigmanuir [339]

Answer:

Condition of Deadlock

Explanation:

Deadlock is a condition or a situation which occurs or happens when there are multiple locks waiting to happen in such a way or a manner that none of the users could perform any work.

Therefore, the deadlock condition happens or occurs when 2 or more transactions are waiting for each other to unlock the data.

For example, The first and the second user, both of them lock some data, them each of them trying to access the each other data which is locked. So, both of them waiting for each other to unlock, this situation is deadlock.

7 0
3 years ago
When a grant-application package lists eligible applicants, it is just a suggestion. This is America: all organizations are elig
Rufina [12.5K]

Answer:

false

Explanation:

The United States government do make some monies available to individuals or organisation in the form of grants, for the achievement of set purposes or goals. Not everyone or organisation can be eligible for all the available grants at any time. People are expected to look through various application processes to know if they are legally eligible to apply for any grant in order to avoid wasting their time and money during application.

6 0
3 years ago
Calculate 2007-03-04-00-00_files/i0080000.jpg% tax on $1,540. a. $11.17 b. $109.34 c. $111.65 d. $113.96
horsena [70]
The answer is C xddddddddddddddd

6 0
3 years ago
Which of the following is required to be present in an Employment Verification Letter?
Furkat [3]

Answer:

name, title, salary, and dates of employment. 

Explanation:

Im not sure with my answer ♥️

5 0
3 years ago
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