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Question 9 (1 point) The carrying amount of an asset is equal to the asset's fair value less its original cost. blue-book amount relied on

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Question 9 (1 point) The carrying amount of an asset is equal to the asset's fair value less its original cost. blue-book amount relied on by secondary markets. replacement cost of the asset. asset's cost less accumulated depreciation. Question 10 (1 point) The difference between a depreciable assetes cost and its residual value is called the annual depreciation. accumulated depreciation. the depreciable amount. the revaluation amount. Question 11 (1 point) Which one of the following transactions does not affect cash during a period? sale of common shares collection of an account receivable write-off of an uncollectible account receivable repayment of a bank loan Question 12 (1 point) Cash flows provided (used) by operating activities, prepared using the indirect method, would include receipts from the sale of investments. profitet income. payments for dividends. receipts from the issue of preferred shares

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