Engels As part of renovation of the store, Shelf Store sold furniture and fixtures that were 3 years old for €3 300 in cash. The assets had been purchased for €27 600 and had been depreciated using the straight-line depreciation method assuming a useful life of 6 years and no residual value. Requirement: Which is the correct journal entry to record this transaction? Account naam Debit Credit Liquide middelen (Cash) €0 €3 300 Cumulatieve afschrijvingen €0 €13 800 (Accumulated depreciation) Winst op de verkoop van meubilair en armaturen (Gain on sale of furniture and fixtures) €0 €10 500 Meubilair en armaturen (Furniture and fixtures) €27 600 Account naam Debit Credit Liquide middelen (Cash) €3 300 €0 Cumulatieve afschrijvingen €13 800 €0 (Accumulated depreciation) Winst op de verkoop van meubilair en €10 500 €0 armaturen (Gain on sale of furniture and fixtures) Meubilair en armaturen (Furniture and fixtures) €27 600

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.