A Corporation Sold a Fixed Asset for $100,000

question 36

Multiple Choice

A corporation sold a fixed asset for $100,000. This is ________.

• A) an investment cash flow and a source of funds
• B) an operating cash flow and a source of funds
• C) an operating cash flow and a use of funds
• D) an investment cash flow and a use of funds

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Definitions:

Animals

Multicellular, eukaryotic organisms of the kingdom Animalia, characterized by their ability to move, consume organic material, and sense their environment.

Ediacaran Radiation

A period marked by the rapid increase in multicellular life forms on Earth, occurring towards the end of the Ediacaran Period.

Cephalic End

The cephalic end refers to the head end of an organism or embryo, where sensory organs and the brain are often located, opposite the caudal or tail end.

Endoderm

The innermost of the three primary germ layers in the embryo, giving rise to the lining of the digestive and respiratory systems.