Which of the Following Items Is Included in the Journal

question 133

Multiple Choice

Which of the following items is included in the journal entry if a company sells equipment at a price greater than its book value?

• A) A credit to Gain on sale of equipment
• B) A debit to Loss on sale of equipment
• C) A credit to Accumulated depreciation
• D) A debit to Equipment for its book value

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Definitions:

Seed Dispersal

The mechanism by which seeds are spread from their parent plant to new locations, aiding in species spread and diversity.

Indigestible Seed Coats

The outer layers of seeds that cannot be broken down by the digestive system of certain animals, aiding in the dispersion of seeds.

Drupe

A simple, fleshy fruit in which the inner wall of the fruit is a hard stone (e.g., peach, cherry).

Berry

A simple, fleshy fruit in which the fruit wall is soft throughout (e.g., tomato, banana, grape).