Petunia company owns 100% of sage corporation. on january 1, 2017, petunia sold equipment to sage at a gain. petunia had owned the equipment for four years and used a ten-year, straight-line rate with no residual value. sage is using an eight-year, straight-line rate with no residual value. in the consolidated income statement, sage's recorded depreciation expense on the equipment for 2017 will be reduced by:
a) 10% of the gain on sale
b) 12.5% of the gain on sale
c) 80% of the gain on sale
d) 100% of the gain on sale

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Why do police officers get paid less than professional baseball players?

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.