When a Company Sells a Piece of Equipment Used in the Business,the

question 67

Multiple Choice

When a company sells a piece of equipment used in the business,the gain or loss on the disposal is shown as:

• A) an extraordinary item
• B) part of discontinued operations
• C) other gains and losses
• D) an adjustment to the beginning balance of retained earnings

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Definitions:

Full Potential

The highest or fullest level of performance, productivity, or development that an individual, group, or organization can achieve.

Gender Diversity

The representation of a range of genders within a workforce or organization, not limiting to just male and female categories.

Corporate Boards

A group of individuals elected by shareholders to oversee the management and governance of a corporation.

Glass Ceiling

A metaphor for the invisible barriers that prevent certain groups from achieving higher ranks in organizations, especially affecting women and minorities.