ACC 400 Experience Tradition / tutorialrank.com ACC 400 Experience Tradition / tutorialrank.com | Page 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