Speed of delivery is an example of a leading indicator

Prinkle Corporation purchased equipment for $60,000 on January 1, 2016. On December 31, 2018, the equipment was sold for $28,000. Accumulated Depreciation as of December 31, 2018 was $31,000

Calculate gain or loss on the sale. A) $1,000 gain B) $1,000 loss C) $31,000 loss D) no gain no loss

The United States has a high-context culture

Indicate whether the statement is true or false