If a Company Sold an Operational Asset at a Price

question 24

Multiple Choice

If a company sold an operational asset at a price equal to its book value,the selling company would record which of the following?

• A)No gain or loss.
• B)A gain.
• C)A loss.
• D)A betterment.

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Definitions:

Documentation

The process of systematically recording, retaining, and managing information or data for various purposes such as legal, historical, or educational.

Speech Recognition

Technology that can recognize spoken words, converting them into text or executing commands.

Virtual Private Network

A technology that creates a safe, encrypted connection over a less secure network, such as the internet, to provide privacy and data security.

Access Codes

Passwords or numerical codes used to gain entry into secured systems or locations.