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A firm's accumulated depreciation account increased $30,000 for the year and total plant assets at cost increased $200,000.During the year,the firm purchased $350,000 of new equipment for cash,and sold equipment for $50,000 cash.This equipment had been depreciated $30,000 at the time of the sale.What is the complete disclosure of these events in the statement of cash flows prepared under the direct method?
Marginal Revenue
The additional income earned from the sale of one more unit of a product or service.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.
Total Revenue
Total Revenue is the total amount of money received by a company from its sales of goods or services, before any expenses are subtracted.
Marginal Cost
The increase in total cost that arises from producing one additional unit of a product.
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