$7)$ A machine that cost $$24,000$ and on which $$18,000$ of Accumulated Depreciation has been recorded was sold on January $1.$ The company uses a calendar year. If the machine was sold for $$4,000$ cash, the journal entry to record this event would include a:

Select one:

a$.$ Credit to the Machinery account for $$6,000$

b$.$ Credit to Accumulated Depreciation for $$18,000$

c$.$ Loss of $$2,000$

d$.$ Gain of $$2,000$

$8)$

According to generally accepted accounting principles, goodwill is recorded as an asset:

Select one:

a$.$ When favorable factors combine to create goodwill

b$.$ When a company has superior earning power

c$.$ When a payment to purchase a business is greater than its tangible net assets

d$.$ Under no circumstances

$9)$

Bonds are issued at a discount if the $q,$ rate is greater than the $q,$ rate.

a$.$ Effective, Coupon

b$.$ Market, Imputed

c$.$ Coupon, Market

d$.$ Stated, Imputed

e$.$ Imputed, Effective