An Asset with a Book Value of $40,000 Is Sold

question 33

Multiple Choice

An asset with a book value of $40,000 is sold for $20,000.The applicable tax rate is 20%.The net after-tax cash effect of this transaction is a ________.

• A)$12,000 cash outflow
• B)$20,000 cash inflow
• C)$24,000 cash inflow
• D)$48,000 cash inflow

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Definitions:

Team Norms

Informal rules and standards that guide the behavior of team members and help in regulating team function.

Relational Loss

The perceived decline in personal relationships or social support within a team, often due to changes in team composition or dynamics.

Identifiable Efforts

Contributions by individuals that can be clearly recognized and attributed to them within a group setting.

Identifiability

The extent to which individual members within a group can be recognized or distinguished based on their specific contributions or characteristics.