Answer: a.Dr. Gain on Sale 9,600
Dr. Equipment 8,400
Cr. Accumulated Depreciation 18,000
Explanation:
Difference between following entries gives the elimination entry:
Actual: Equipment as actually recorded in the financial statements (Equipment Dr. 91600, Gain on sale Cr. 9600)
As if: Equipment as recorded in the financial statements as if it had not been transferred (Equipment Dr. 100000, Accumulated Depreciation Cr. 18000)
Difference of the above recorded entries would be: Equipment Dr. 8400, Gain on sale Dr. 9600, Accumulated Depreciation Cr. 18000
Thus, entry needed to eliminate Buzz’s gain on the sale of equipment to Woody would be:
.Dr. Gain on Sale 9,600
Dr. Equipment 8,400
Cr. Accumulated Depreciation 18,000
Peremptory challenges
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Answer:
A. pricing
Explanation:
Pricing entails determining the value to attach to a product. It is the process through which a business decides how much customers will pay for its products. A business must consider the production costs and the desired margins when setting a price.
Price plays a crucial role in the success of a product and the business. A high price has higher profit margins but may put-off some customers. A low price may attract demand but may lead to losses. Sometimes, low prices are associated with a poor quality product.
