Zenith Corporation sells some of its used store fixtures.The acquisition cost of the fixtures is $12,500 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

Question

Quizplus · Accepted Answer

The value in the investing section of the cash flow statement is the cash received from the sale of the fixtures, which is $5,300.

Zenith Corporation Sells Some of Its Used Store Fixtures