Multiple Choice
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
Correct Answer:
Verified
Correct Answer:
Verified
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