Zenith Corporation Sells Some of Its Used Store Fixtures

question 82

Multiple Choice

Zenith Corporation sells some of its used store fixtures. The acquisition cost of the fixtures is $12,500, and the accumulated depreciation on these fixtures is $9,750 at the time of sale. The fixtures are sold for $5,300. The value of this transaction in the investing section of the statement of cash flows is

• A) $12,500
• B) $5,300
• C) $2,750
• D) $2,550

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Definitions:

Public Housing

Housing provided by the government to low-income families, the elderly, and those with disabilities, aimed at offering affordable living conditions.

Playgrounds

Outdoor areas designed for children to engage in play and physical activities, typically equipped with recreational structures like slides and swings.

Public Housing

Government-provided residential buildings designed to offer affordable living spaces for the lower-income population.

Women's Suffrage

The right of women to vote in political elections, a significant milestone in the feminist movement achieved at different times globally.