What Is the Likely Effect of Samantha Reselling the Defective

question 75

Multiple Choice

What is the likely effect of Samantha reselling the defective fixtures for $100?

• A)That is the only remedy Samantha will receive.
• B)Samantha will be allowed to keep the $100 and is still entitled to receive $400 from Samantha.
• C)The $100 will be deducted from the $400 Maddie owes leaving Maddie owing Samantha $300.
• D)Because of the extra work involved,Samantha will be required to deduct only half of the $100 from Maddie's debt,leaving Maddie owing $350.
• E)After the $100 is deducted,Samantha and Maddie will be required under the UCC to split the difference leaving Maddie owing $150.

Understand and calculate the fixed asset turnover ratio and its significance in evaluating asset utilization efficiency.

Recognize how gains or losses are recorded on the disposal of assets.

Understand the accounting treatment for tangible and intangible asset exchanges.

Identify and apply the appropriate treatment for intangible assets, including recognition and amortization.

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Definitions:

External Attribution

The process of attributing the cause of one's own or others' behavior to external factors or situations.

Stable External

A term used to describe factors outside an individual that are consistent and unchanging, influencing behavior or circumstances.

Unstable External

This refers to external attributions for behavior that are variable or subject to change, such as luck or temporary circumstances.

Stable Internal

A term describing traits, beliefs, or motivations within an individual that are consistent over time and across different situations.