Selected Data from the Financial Statements for the Years Ended

question 127

Essay

Selected data from the financial statements for the years ended December 31, 2014 and 2013, are presented below:
The following additional information was obtained from the company's records:

-Refer to Maritime Marine Services. Assuming that the book value of the property, plant and equipment disposed of during 2014 was $90, what were the cash proceeds from the disposal?

---

Definitions:

Neural Impulse

The electrical signal that travels along the nerve cells, facilitating communication within the nervous system.

Physical Stimulus

Any external factor that can provoke a physical response or reaction from a biological organism.

Transduction

The process of converting one form of energy into another, as in sensory systems where physical stimuli are converted into neural signals.

Sensory Coding

The process through which the nervous system represents the qualities of the incoming stimulus— whether auditory or visual, for example, or whether a red light or a green one, a sour taste or a sweet taste.