Charlene Company Sold a Printer with a Cost of $68,000

question 57

Multiple Choice

Charlene Company sold a printer with a cost of $68,000 and accumulated depreciation of $23,000 for $20,000 cash.This transaction would be reported as:

• A)An operating activity.
• B)An investing activity.
• C)A financing activity.
• D)None of these answer choices is correct.

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Definitions:

Electrons

Negatively charged subatomic particles orbiting the nucleus of an atom, involved in chemical reactions and electrical conductivity.

Neutrons

Electrically neutral subatomic particles found in the nucleus of an atom, contributing to the atom's mass but not its charge.

Protons

Positively charged particles located in the nucleus of an atom.

Periodic Table

Tabular arrangement of all known elements by their atomic number.