When a Company Sells a Long-Lived Asset,stockholders' Equity Will Change

question 102

Multiple Choice

When a company sells a long-lived asset,stockholders' equity will change by the:

• A)amount of the sale.
• B)amount of the asset's book value.
• C)amount of the asset's accumulated depreciation.
• D)difference between the sales price and the asset's book value.

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Definitions:

Blood

A vital fluid in humans and other animals that delivers necessary substances such as nutrients and oxygen to the cells and transport metabolic waste products away.

Accelerated Breathing Rates

An increase in the pace at which an individual breathes, often a response to exercise or stress.

Lactic Acid

A substance produced in the muscles during intense exercise, often associated with muscle fatigue and soreness.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and is absorbed by plants in photosynthesis.