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 of 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

Dorris Corporation's Balance Sheet and Income Statement Appear Below