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.

---

Definitions:

Outsourced

Refers to having contracted a third-party organization to handle certain business functions or services outside the company.

Predictable

Having a nature or behavior that can be anticipated or expected based on certain indications or patterns.

Fully Or Partly Automated

Systems or processes that are operated either entirely or partially by machines or software to reduce human intervention.

Complexity And Need For Confidentiality

Refers to the intricate nature of certain information or processes and the essential requirement to keep such information protected and undisclosed.