When an Entity Sells a Non-Current Asset at a Profit

question 11

Multiple Choice

When an entity sells a non-current asset at a profit to another entity within the same group the following adjustment is necessary on consolidation:

• A)DR Asset CR Cash
• B)DR Cash CR Asset
• C)DR Gain on sale CR Asset
• D)DR Asset CR Gain on sale.

Understand the concept and significance of parallel circuits in electrical networks.

Calculate the total resistance in parallel circuits with various resistor values.

Define and identify terms related to electrical loads in circuits.

Analyze the relationship between current, voltage, resistance, and power in parallel circuits.

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Definitions:

Amides

Organic compounds containing a carbonyl group linked to a nitrogen atom from an amine, fundamental in the structure of proteins.

Organic Product

A chemical compound of carbon, often produced or derived from living organisms, excluding compounds like carbonates, carbides, and cyanides.

Reaction Sequence

A series of chemical reactions where the product of one reaction becomes the reactant in the next.

Organic Product

A compound or substance that has been prepared or is obtainable by chemical reactions involving organic precursors.