Discount Sales sells some used store fixtures. The acquisition cost of the fixtures is $12,500, the accumulated depreciation on these fixtures is $9,750 at the time of sale. The fixtures are sold for $4,500. The value of this transaction in the Investing section of the statement of cash flows is:
A) $12,500
B) $4,500
C) $2,750
D) $1,750
B
You might also like to view...
Hellmut Schütte has proposed a modified equivalent of Maslow's hierarchy of needs theory to explain the needs and wants of African consumers
Indicate whether the statement is true or false
Organized and large-scale production of consumer goods began______.
a. during the Industrial Revolution b. around 300 BCE c. only in the early 20th century d. after World War II
The most severe stage of distress is
A. burnout. B. shock. C. back pain. D. job loss.
The following is the adjusted trial balance as of December 31, 2016 of Aims Photography:
Account Debit Credit Cash $1,700 Accounts Receivable 8,500 Supplies 100 Equipment 7,500 Accumulated Depreciation—Equipment $2,000 Accounts Payable 1 What will be an ideal response