please answer A,B,C or D

9) ABC purchased a computer that cost $10,000. It had an estimated useful life of 5 years and no residual value. The computer was depreciated by the straight-line method and was sold at the end of the second year of use for $5,000 cash. ABC should record: A) neither a gain nor a loss the gain that occurred in this case would not be recognized B) a gain of $1,000. C) a loss of $1,000 D) neither a gain nor a loss - the computer was sold at its book value. 10) In Cash Flow reporting Accounts Receivable is measured at A) Benefit Value ) so D) Sacrifice Valuc C) It depends on the measuring system 11) For a jounal entry with only two lines, the following entry is valid: Decrease in Revenue, Decrease in Expense. A) True B) False 12) Can a firm earn 36% risk free A) Yes, by paying after the sales discount period B) Yes, by paying within the sales discount period C) No D) Yes, by offering sales discounts 13) Under the principle of lower of cost and net realizable value, when a company has 10 units of inventory A with net realizable value of S50 and a cost of S60, what is the adjustment? A) Debit Cost of Goods Sold S500; credit Inventory $500. B) Debit Inventory $100; credit Cost of Goods Sold $100 C) Debit Inventory $500; credit Cost of Goods Sold $500. D) Debit Cost of Goods Sold $100; credit Inventory S100. 14) Which of the following is a sign that a company can quickly turn its receivables into cash? A) Both a low receivables turnover ratio and a high average collection period. B) A high receivables turnover ratio. C) A high average collection period. D) A low receivables turnover ratio. 15) The balance sheet of ABC reports total equity of $500,000 and S650,000 at the beginning and of the year, respectively, The return on equity for the year is 20%. What is ABC's net income the year? S115,000. D) $130,000 B) $2,875,000. C) S100,000