ACC 400 Course Great Wisdom / tutorialrank.com ACC 400 Course Great Wisdom / tutorialrank.com | Seite 5

a. A $600 gain on the disposal of a plant asset.

b. A $1,000 unrecognized gain on the exchange of a plant asset.

c. A cost basis of $22,400 for the new plant asset

d. A cost basis of $23,600 for the new plant asset

4. Which one of the following is not an objective of a system of
internal controls?

a.

Safeguard company assets

b.

Overstate liabilities in order to be conservative

c.
accounting records

Enhance the accuracy and reliability of