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:

Industrial Products Salesperson

A professional who specializes in selling goods and materials used in production and manufacturing processes to businesses.

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Sales Trainee

An individual who is undergoing training to acquire the skills and knowledge required to perform effectively in a sales role.