Thunder Corporation Had a Beginning Balance in Net Plant Assets

question 110

Multiple Choice

Thunder Corporation had a beginning balance in net plant assets of $220,000. During the year, Thunder purchased $60,000 of new plant assets. Depreciation expense for the year was $30,000 and there was a net gain on the sale of plant assets was $3,000. The ending balance in net plant assets was $170,000. The cash received from the sale of the plant assets was:

• A)$80,000.
• B)$88,000.
• C)$83,000.
• D)none of the above.

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Definitions:

Babble

The sounds, syllables, and simple vocalizations produced by infants and young children as they begin to learn language.

Visual Recognition Memory

The ability to remember and recognize previously encountered visual stimuli.

Intonation

The use of pitches of varying levels to help communicate meaning.

Visual Recognition Memory

The ability to recognize previously encountered objects, images, or individuals by visual features.