Ask Question
BusinessBusiness
19 April, 18:32

Zenith Corporation sells some of its used store fixtures. The acquisition cost of the fixtures is $12,120, and the accumulated depreciation on these fixtures is $7,802 at the time of sale. The fixtures are sold for $4,318. The value of this transaction in the investing section of the statement of cash flows is a. $15,604 b. $4,318 c. $12,120 d. $7,802

+5
Answers (1)
  1. 19 April, 21:05
    0
    b. $4,318

    Explanation:

    The cash flow statement shows the net movement in the cash balance at the start and end of the year as a result of the company's activities which are categorized into Operating, investing and Financing activities.

    The investing section of the cash flow will only show the cash received ($4,318) from the disposal of the asset as an inflow.

    Other elements such as depreciation and gain/loss on disposal would have been captured in the operating section.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Zenith Corporation sells some of its used store fixtures. The acquisition cost of the fixtures is $12,120, and the accumulated depreciation ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Scott says about his employees, "They might not always make the choice that I would make. Sometimes they make a better one." From this statement, you can infer that Barcelona is: a. A centralized organization b.
Answers (1)
On November 23, Elder Lift Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 14,200 shares of $25 par common stock with a current market price of $34. Journalize the entry to record the transaction.
Answers (2)
What are the actions an auditor would take if the management refuses to provide a letter of representation?
Answers (1)
Harold's boss has just told him that he will be moved to a new office in order to allow space for a new copier for the office. harold is very unhappy with the prospect of having to pack up all his things and then reorganize them in his new area.
Answers (1)
Sports teach important lessons in leadership, teamwork, and sportsmanship. how have you embodied these qualities on your team and in your community?
Answers (1)
New Questions in Business
For February, sales revenue is $700,000; sales commissions are 5% of sales; the sales manager's salary is $96,000; advertising expenses are $90,000; shipping expenses total 2% of sales;
Answers (1)
Steven is going to purchase two stocks to form the initial holdings in his portfolio. Iron stock has an expected return of 25 percent, while Copper stock has an expected return of 19 percent.
Answers (1)
Continuous quality improvement depends heavily upon: Select one: a. hard work b. monitoring special causes of variance c. use of checklists d. employment of the PDCA cycle
Answers (1)
The difficulty in cost-benefit analysis is that the benefits are usually evident and easily measurable, while the costs are not always evident or measurable. A) True B) False
Answers (1)
What's the difference between price skimming and price penetration strategies?
Answers (1)
Home » Business » Zenith Corporation sells some of its used store fixtures. The acquisition cost of the fixtures is $12,120, and the accumulated depreciation on these fixtures is $7,802 at the time of sale. The fixtures are sold for $4,318.
Sign Up Forgot Password?