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jayleneeeee
09.12.2021 •
Business
If a loss of $9,000 is incurred in selling (for cash) office equipment having a book value of $90,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a cash inflow of:
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Ответ:
Store of value
Explanation:
Money is vital for every economy. Before the use of paper money, the trade by barter system where goods were exchanged for another good and the use of commodities were used in the olden days. Commodities such as cowries, fish and cattle had been used as money.
Money is anything that is generally acceptable as a medium of exchange and a means of payment. Fishes lack the characteristics of "store of value". Store of value means that money can be kept for later use. Fish is not durable enough and gets spoilt in few days. As a result, it can't be stored for long.