The tax effect on the sale of the existing asset results in ...

[littleanan]

The tax effect on the sale of the existing asset results in ________. (See Table 11.3)
 
  A) 800 tax benefit
  B) 1,000 tax liability
  C) 1,100 tax liability
  D) 6,000 tax liability

Question 2

If Dana Dairy Products has credit terms which specify that accounts receivable should be paid in 25 days, the average collection period ________ since 2012. (See Table 3.2)
 
  A) has deteriorated
  B) has remained the same
  C) has improved
  D) cannot be determined

[BUTTHOL369]

Answer to Question 1

C

Answer to Question 2

A

[littleanan]

Gracias!

[pangili4]

TYSM