Gingernerd8513 Gingernerd8513

19-02-2020
Business

contestada

Trend Decorations Company provides decorating services for store displays. Trend sold equipment that it had been using to create decorations. Of the following choices, which will Trend report on its income statement when it sells the equipment?

A) Operating revenue: Sales revenue

B) Operating expenses: Loss on disposal of equipment

C) Other items: Loss on sale of equipment

D) General and administrative expenses: Sale of decorating equipment

Respuesta :

PiaDeveau PiaDeveau

20-02-2020

Answer:

Option "C" is the correct answer to the following statement.

Explanation:

We know that the sale of a machine is not included in operating items for an organization.

in this situation trend Decorations sale a machine, that is used by them to create the decoration.

In general, the term sale of this type of machine is not considered as revenue income or revenue loss.

So, this is counted as Other items (Loss or gain).

Answer Link

ACCESS MORE ACCESS MORE ACCESS MORE ACCESS MORE

Otras preguntas

When a plant asset is retired, the difference between the plant asset’s cost and the accumulated depreciation of the same plant asset is.

Evaluate 7-k when k= -15

Find the equilibrium concentrations of a and b for a=1 and b=1 . assume that the initial concentration of a is 1.0 mollâˆ’1 and that no b is present at the begi

2c2 + 16c + 128 / 2c3 - 16

Is it possible for an object to be in motion and yet have zero net force acting onit? Explain.

what are 2 phrases that are synonymous to the saying "delaying question"

(2x^3+13x^2+16x+5)÷(x^2+9x+5)

Which of the solutions, in the table below, is both a strong base and a strong electrolyte?

use a subquery to find the sales rep id, first name, and last name of each sales rep who represents at least one customer with a credit limit of $500. list each

Ethan is modeling food chains he observes in his local ecosystem. Which of these models represent possible food chains he might observe? select all that apply.