1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ivann1987 [24]
3 years ago
6

Which of the following relationships between book value and cash received at sale results in a loss on the sale of a long-term d

epreciable asset?
a. Book value is greater than cash received.
b. The determination of a gain or loss does not involve the book value.
c. Book value is less than cash received.
d. Book value is equal to cash received.
Business
1 answer:
creativ13 [48]3 years ago
8 0

Answer:

a. Book value is greater than cash received.

Explanation:

Book value of an asset is the cost of an asset less accumulated depreciation

Cash received is the price the asset is sold for.

If the asset is sold for less than its book value, it is sold at a loss

If an asset is sold for more than its book value, it is sold at a gain

You might be interested in
What are three strategies that you can use to make better financial decisions?
Gnom [1K]

Investments, Savings, and Expenses are the three basic strategies, which can help a person take better and efficient financial decisions on a personal level.

<h3>What are better financial decisions?</h3>

  • The strategies to choose the investments in different assets and debt classes will enable a person to increase his chances of gaining better financial returns.

  • The amount of money, a person decides to save for any future requirements will help him out of the financial crises that may take place in his life.

  • The strategy on where to spend and where not to spend will help a person have more disposable income to fulfill the financial needs in the future.

Hence, the strategies for taking better financial decisions are as aforementioned.

Learn more about financial decision here:

brainly.com/question/19502030

#SPJ1

7 0
2 years ago
Under FINRA rules, to recommend a direct participation program to a customer, the registered representative must ascertain that
mylen [45]

Answer:

has a fair market net worth sufficient to sustain the risks of the program.

Explanation:

FINRA is an acronym for Financial Industry Regulatory Authority. It is a non-profit agency in the United States of America, which is saddled with the responsibility of handling the licensing and regulation of broker-dealers in securities.

A direct participation program (DPP) can be defined as a financial security which gives an investor (customer) access to the cash flow and tax benefits of a business venture.

Under FINRA rules, to recommend a direct participation program (DPP) to a customer, the registered representative must ascertain and ensure that the customer has a fair market net worth that is considered to be sufficient to sustain the risks associated with the program, including loss of investment and lack of liquidity.

5 0
3 years ago
Paul Solomon is the owner of Solly's, an upscale restaurant in Tampa, Florida. Each year, Paul spends about $150,000 in advertis
Papessa [141]

Answer:

E. systematic sample

Explanation:

Base on the scenario been described in the question, Paul Solomon the owner of Solly's, an upscale restaurant in Tampa, Florida, wants to know how good his advertising dollars is work, he hires Getty research to do this, Getty research advised to do a TOMA study, for Getty to draw it samples, they have to use systematic sampling.

Systematic sampling is a statistical method sampling that involves the selection of elements or members from a well ordered sampling frame.

4 0
3 years ago
A negative attitude can lead to
vodka [1.7K]

Negative attitude can lead to high turnover

8 0
2 years ago
A _________________ is a credit transaction where the money is transferred electronically from the customer's credit card compan
SpyIntel [72]
A. credit transaction
    Your bank would pay the bill then either charge you for using their money or remove it from your "checking account" depends on the way you have it set up

5 0
4 years ago
Other questions:
  • Suppose that Norway is a small country and currently produces 100,000 board feet of lumber at $600 per 1,000 board feet. Then it
    15·1 answer
  • The span of control for a manager:
    10·1 answer
  • an employee who has integrity is _____. a. ethical and friendly b. prompt and efficient c. focused and intelligent d. trustworth
    7·1 answer
  • Firm L has debt with a market value of $200,000 and a yield of 9%. The firm's equity has a market value of $300,000, its earning
    15·1 answer
  • Write a critical evaluation of your learning outcome. In your response, consider: 1. Consider the content of this class as they
    7·1 answer
  • If a company is operating beyond its break-even point, sale of one more unit of product increases the company's profit by the am
    11·1 answer
  • Multiple choice-- economics
    8·1 answer
  • Klein Company issues a four-year note in exchange for a license agreement with fair value of $100,000. The contract requires pay
    9·1 answer
  • A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To do this,
    11·1 answer
  • The rhaegel corporation's common stock has a beta of 1. if the risk-free rate is 4.5 percent and the expected return on the mark
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!