The following information was taken from the records of Albert's Fine Coffee:
During 2010, machinery with a cost of $16,000 was sold.
Based on this information, how much cash was collected on the sale of the machinery during 2010?
a. $10,000
b. $20,000
c. $4,000
d. $16,000

Question

The following information was taken from the records of Albert's Fine Coffee:
  During 2010, machinery with a cost of $16,000 was sold.
Based on this information, how much cash was collected on the sale of the machinery during 2010? 
a. $10,000
b. $20,000
c. $4,000
d. $16,000

Quizplus · Accepted Answer

The Answer of The following information was taken from the records of Albert's Fine Coffee:
  During 2010, machinery with a cost of $16,000 was sold.
Based on this information, how much cash was collected on the sale of the machinery during 2010? 
a. $10,000
b. $20,000
c. $4,000
d. $16,000

The Following Information Was Taken from the Records of Albert's