Allocating ownership of a risk to a third party who is best able to capture the opportunity is an example of _____ the risk.

Metro Auto Parts recently traded in store fixtures

The exchange had commercial substance. The old fixtures had a cost of $47,000 and accumulated depreciation of $15,000. Metro paid $102,000 for the new store fixtures. These new fixtures had a market value of $120,000. There is a loss of $14,000 on this exchange. Indicate whether the statement is true or false

Which of the following is the primary objective of managerial accounting?

A) providing information that managers need to make operational decisions B) providing historical data to investors and creditors C) providing summarized results of operations D) providing information to comply with laws and regulations of government bodies