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 cash received from the sale of the fixtures, $5,300, is reported in the Investing section of the statement of cash flows.

Zenith Corporation Sells Some of Its Used Store Fixtures