During the Third Quarter of 2008,Pride Company Sold a Piece

question 7

Multiple Choice

During the third quarter of 2008,Pride Company sold a piece of equipment at an $8,000 gain.What portion of the gain should Pride report in its income statement for the third
Quarter of 2008?

• A)$0
• B)$2,000
• C)$4,000
• D)$8,000

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Definitions:

Modules

Parts or components of a product previously prepared, often in a continuous process.

Standardized Product

A product that is manufactured in a consistent, unchanged manner to ensure it meets specified criteria and quality.

Product Focus

A strategic approach that centers on developing and marketing a specific product or product line.

High Fixed Costs

Costs that remain constant regardless of the level of production or sales in a business, such as rent, salaries, or equipment leases.