In 2019, BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000. BayKing also purchased held-to-maturity securities for $7,000. Net income for the year was $78,000. There were no other transactions conducted during the period. What are the 2019 net operating cash flows for BayKing under the indirect method?

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The Answer of In 2019, BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000. BayKing also purchased held-to-maturity securities for $7,000. Net income for the year was $78,000. There were no other transactions conducted during the period. What are the 2019 net operating cash flows for BayKing under the indirect method?

In 2019, BayKing Company Sold Used Equipment for $17,000