Loma Linda, Inc. sells a long-lived asset that originally cost $206,000 for $56,000 on December 31, 2018. The Accumulated Depreciation account had a balance of $113,000 after the current year's depreciation of $45,600 had been recorded. The company should recognize a:

The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo

Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?