[The Following Information Applies to the Questions Displayed Below

question 144

Multiple Choice

[The following information applies to the questions displayed below.]
An analysis of changes in selected balance sheet accounts of Hierarchy Corporation shows the following for the current year:
Hierarchy's income statement for the current year includes a $9,600 gain on disposal of plant assets.All payments and proceeds relating to purchase or sale of plant assets were in cash.
-Total cash proceeds received by Hierarchy from sales of plant assets during the current year amounted to:

• A)$696,000.
• B)$705,600.
• C)$633,600.
• D)$768,000.

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Definitions:

Gene

A genetic element that is passed from parent to child, believed to influence specific traits in the child.

Gate-Control Theory

A theory proposing that pain is not solely a result of physical injury but rather its perception is controlled by a neurological "gate" in the spinal cord.

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Nervous System

The body’s speedy, electrochemical communication network, consisting of all the nerve cells of the peripheral and central nervous systems.