Author Question: The tax effect on the sale of the existing asset results in ________. (See Table 11.3) A) 800 tax ... (Read 99 times)

littleanan · **on:** Jul 11, 2018

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