In 2028, equipment was sold for proceeds of $468,000. The equipment cost $786,000 and had a book value of $432,000 at the time of the sale. If the Accumulated Depreciation-Equipment balance was $2,061,000 on 12/31/2027 and $2,205,000 on 12/31/2028, what was the depreciation expense for 2028?

True or False. In order for speciation to occurs a species must be isolated for a long period of time (hundreds of generations).

Which of the following equations represents the process of photoosynthesis?

In population ecology we study a variety of factors that can affect populations. _________ is the spatial arrangement of organisms in an area. 

Mendez, Inc. reported net income of $88,000 for the year ended December 31, 2028. Included in net income were depreciation expense of $16,800 and a gain on the sale of equipment of $3,400. The equipment cost $80,000 and accumulated depreciation of $48,000. Each of the following accounts increased during 2028 by the following amounts:   Land                                                                                    $11,000 Prepaid rent                                                                          $13,600 Available-for-sale securities                                                 $ 2,000 Bonds payable                                                                     $10,000 What amount of cash was provided or used by investing activities for Mendez for the year ending December 31, 2028?

Hauke Company purchased 6,000, $1,000, 9% bonds on December 31, 2028. The carrying value of the bonds on December 31, 2028, was $5,880,000. The bonds mature on September 1, 2033, and pay interest on March 1 and September 1. Hauke sells 3,000 bonds on September 1, 2029, for $2,964,000 after receiving the interest. Hauke uses straight-line amortization. The gain on the sale is

During 2028, Palmyra Company earned a net income of $494,000, which included a depreciation expense of $78,000. In addition, the company experienced the following changes in the account balances listed below:                      Increases                                                                Decreases Accounts payable              $45,000                    Accounts receivable       $12,000 Inventory                             36,000                     Accrued liabilities              24,000                                                                               Prepaid insurance              33,000   Based on this information, what amount will be reported for net cash provided by operating activities for 2028?

Which of the following arguments is FASB’s explanation of why a gain is recorded by a company when its creditworthiness worsens?

On May 1, 2028, Veblen Street Company signed a one-year, zero-interest bearing note for $50,000 and received cash of $44,000 from the Carolina State Bank. The May 1 entry to record this transaction will include

On December 29, 2029, James Company sold a debt security purchased on January 4, 2028. James owned no other debt securities. An unrealized holding loss was reported in the 2028 income statement. A realized gain was reported in the 2029 income statement. Was the debt security classified as available-for-sale, and did its 2028 market price decline exceed its 2029 market price recovery?