Selected information from Thompson Corporation is provided below for the years ending December 31, 2009 and 2008.
During 2009 depreciation expense was recorded. New equipment was acquired for cash. Old equipment which was 60% depreciated with an original cost of $26,000 was sold for a loss of $4,000. Prepare the investing activities section of the statement of cash flows.
Definitions:
Error Term
A variable in a statistical model that captures the difference between observed and predicted values.
Linear Relationship
A relationship between two variables where the change in one variable is directly proportional to the change in another.
Scatter Chart
A type of graph used to display values for two variables for a set of data, showing the relationship between them.
Variables
Features or characteristics that can take on different values in data collection and analysis.
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