Acopy machine was purchased for $35,000 and had accumulated depreciation of $24,000. the machine was traded in for a new one that had a sticker price of $50,000. the vendor agreed to give a trade-in allowance for the old equipment in the amount of $9,000. how much will the company need to pay in cash, and what is the amount of the gain or loss? a. $41,000, loss of $2,000b. $50,000, no loss or gainc. $50,000, loss of $2,000d. $41,000, gain of $2,000

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.

Portionpac has been a good corporate citizen for fifty years. which of the following is not an argument in favor of social responsibility and corporate citizenship?