Approximately _________% of Internet Users Are Doing So to View

question 21

Multiple Choice

Approximately _________% of Internet users are doing so to view porn.

• A) 13
• B) 27
• C) 43
• D) 67

Recognize how gains or losses are recorded on the disposal of assets.

Understand the accounting treatment for tangible and intangible asset exchanges.

Identify and apply the appropriate treatment for intangible assets, including recognition and amortization.

Understand the calculation of gain or loss on the disposal of long-lived assets.

---

Definitions:

Consumer Surplus

It is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Market Equilibrium

The state in which market supply and demand balance each other, resulting in stable prices.

Producer Surplus

The difference between the amount a producer is willing to accept for a product versus what they actually receive.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.