A Gain Can Be Realized When a Fixed Asset Is

question 123

True/False

A gain can be realized when a fixed asset is discarded.

---

Definitions:

Voting Rights

The entitlement of shareholders to vote on corporate matters and decisions during stockholders' meetings.

Additional Paid-In Capital

The amount of capital contributed by shareholders above the par value of the shares.

Treasury Stock

Refers to shares that were once part of the outstanding shares but were bought back by the company, reducing the amount of stock on the open market.

Par Value

A nominal value of a security, such as a bond or stock, which is set by the issuing company and does not necessarily reflect its market value.