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