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:

Parasympathetic Nervous System

A division of the autonomic nervous system responsible for conserving energy and slowing the heart rate, involved in the body's rest and digest functions.

Facial Feedback Hypothesis

The idea that facial expressions can influence emotions and reflect them.

James-Lange Theory

A theory of emotion that suggests emotions occur as a result of physiological reactions to events.

Cultural Differences

Variations in the practices, values, and norms of behavior among different groups of people.