Dorris Corporation's balance sheet and income statement appear below:
Cash dividends were $7.The company sold equipment for $18 that was originally purchased for $8 and that had accumulated depreciation of $6.The net cash provided by (used in)operating activities for the year was:
A) $34
B) $35
C) $50
D) $41

Question

Dorris Corporation's balance sheet and income statement appear below:
  Cash dividends were $7.The company sold equipment for $18 that was originally purchased for $8 and that had accumulated depreciation of $6.The net cash provided by (used in)operating activities for the year was:
A) $34 
B) $35 
C) $50 
D) $41

Quizplus · Accepted Answer

The Answer is A

Dorris Corporation's Balance Sheet and Income Statement Appear Below