The analytical framework used to evaluate transactions is reproduced below:
Using this analytical framework indicate the effect of each of the following transactions for TX Corporation:
1.TX Corporation sold additional shares of common stockmarketable securities for for $250,000 cash
2.At the end of the period TX Corporation revalued the securities to $125,000.
3.During the next period TX Corporation sells equipment with a book value of $100,000 for $$90,000
Definitions:
Operating System
A software that manages the hardware and software resources of a computer and provides common services for computer programs.
File Storage
A system for saving data in a computer or on the internet, so that it can be used in the future.
ROM
Read-Only Memory, a type of storage medium that is used to store firmwares that are seldom changed during the life of the system.
RAM
Volatile memory in computing that is used to store data temporarily while a computer is running, facilitating quick access by the processor.
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