If a Gain of $30,000 Is Incurred in Selling (For

question 15

Multiple Choice

If a gain of $30,000 is incurred in selling (for cash) office equipment that cost $120,000 and had accumulated depreciation of $40,000, the total amount reported in investing activities is

• A)$90,000.
• B)$110,000.
• C)$130,000.
• D)$150,000.

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Definitions:

Marketing Activities

Actions or tasks aimed at promoting and selling products or services to target customers.

High-quality

Products or services that meet or exceed customer expectations in terms of performance, durability, or satisfaction.

Marketing Mix

The combination of elements (product, price, place, promotion) used by a business to achieve its marketing objectives and satisfy customer needs.

Paralympic Teams

Sports teams composed of athletes with disabilities who compete in the Paralympic Games, an international multi-sport event parallel to the Olympics.