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:

Conflicts

Situations where opposing ideas, interests, or forces create tension or disagreement, requiring resolution for progress.

Cross-Functional Teams

Groups consisting of members from different departments or functional areas within an organization, working together on a common project.

Principled Negotiation

A negotiation strategy that focuses on mutual interests and objective standards rather than power dynamics or pressure tactics.

Mutually Beneficial

A situation or agreement that provides advantages or benefits to all parties involved.