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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
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 Ob. $4,318 c. $12,120 d. $7,802 Rogers Company reported net income of $37,611 for the year. During the year, accounts receivable increased by $5,278, accounts payable decreased by $4,004, and depreciation expense of $4,486 was recorded. Net cash provided by operating activities under the indirect method for the year is a. $37,611 Ob. $51,379 c. $43,371 d. $32,815
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