If a Fixed Asset Is Sold and the Book Value

question 88

Multiple Choice

If a fixed asset is sold and the book value of the asset is less than its selling price,the company must:

• A)recognize a loss on the income statement under other expenses.
• B)recognize a loss on the income statement under operating expenses.
• C)recognize a gain on the income statement under other revenues.
• D)recognize a gain on the income statement under revenues.

Grasp the concept of genetic variations and their implications.

Learn about the role of genetics in human characteristics and diseases.

Recognize the importance and consequences of genetic research and technologies.

Identify the stages of human development from conception to birth.

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Definitions:

Active Listening

Listening with greater concentration, less tolerance for distractions, and more feedback to the speaker.

Tolerance

The state of needing more and more of a substance to get the desired effect.

Unconsciously

Operating or existing without conscious awareness or control, often referring to actions or thought processes that occur automatically.

Internal Climate

Refers to the internal psychological and emotional environment within individuals or organizations.