Equipment with a Cost of $10,000 and a Book Value

question 18

Multiple Choice

Equipment with a cost of $10,000 and a book value of $3,000 was sold during the year for cash of $9,000.Additional equipment was purchased during the year for cash.Use the information above to answer the following question.What was the amount of cash paid for purchases of equipment during the year?

• A)$40,000
• B)$43,000
• C)$50,000
• D)$31,000

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Definitions:

Open Systems

Systems that take inputs from the external environment, transform some of them, and send them back into the environment as outputs.

Environmental Uncertainty

Environmental uncertainty refers to the degree of unpredictability and complexity in an organization's external environment, affecting decision making and strategy.

Legal Regulations

Mandatory rules and laws that govern how individuals and organizations can operate within society.

Environmental Component

Involves the elements of the physical and social setting that can affect individuals' behavior and well-being at work, such as noise level and office layout.