Foxworth Company sold plant assets that had accumulated depreciation of $20,000. These assets cost Foxworth $70,000 when purchased 4 years ago. The sale of the assets resulted in a gain for Foxworth of $2,000. The amount of cash reported for this transaction on Foxworth's statement of cash flows is a:

A) $70,000 outflow.
B) $52,000 inflow.
C) $72,000 inflow.
D) $2,000 inflow.

B

Business

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Intuitive decision making is systematic, logical, and orderly

Indicate whether the statement is true or false.

Business

The Pastry Shop normally sells cheese Danishes for 60 cents each. On Mondays and Tuesdays, its slowest days, The Pastry Shop offers cheese Danishes at "4 for $2.00." This is:

A) price lining. B) leader pricing. C) multiple unit pricing. D) odd pricing.

Business