On January 2 2022 Feldman Corporation Sold Equipment with a Book

question 178

Multiple Choice

On January 2 2022 Feldman Corporation sold equipment with a book value of $51000 for $33000 cash.Use the following tabular analysis to record the sale.

• A)Increase Cash $33000 decrease Equipment $200000 decrease Accumulated Depreciation $149000 and decrease Revenues $14000.
• B)Increase Cash $33000 decrease Equipment $200000 and decrease Accumulated Depreciation $149000.
• C)Increase Cash $33000 decrease Equipment $200000 decrease Accumulated Depreciation $149000 and increase Expenses $14000.
• D)Increase Cash $33000 decrease Equipment $51000 and increase Expenses $14000.

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Definitions:

Woody

Describes plant stems and structures that are hard and fibrous, typically found in trees and shrubs.

Basal Angiosperms

Three clades of angiosperms that are thought to be ancestral to all other flowering plants. Compare with core angiosperms.

Core Angiosperms

A group within the angiosperms (flowering plants) that includes most of the common and well-known flowering plants.

Amborella Trichopoda

A flowering plant species considered to be among the most primitive of living angiosperms, providing insights into the early evolution of flowering plants.