Autry Corporation's balance sheet and income statement appear below: Cash dividends were $40.The company sold equipment for $19 that was originally purchased for $6 and that had accumulated depreciation of $4.The net cash provided by (used in)investing activities for the year was:
A)$19
B)$140
C)($159)
D)($140)

Question

Autry Corporation's balance sheet and income statement appear below:   Cash dividends were $40.The company sold equipment for $19 that was originally purchased for $6 and that had accumulated depreciation of $4.The net cash provided by (used in)investing activities for the year was:
A)$19 
B)$140 
C)($159) 
D)($140)

Quizplus · Accepted Answer

The Answer of Autry Corporation's balance sheet and income statement appear below:   Cash dividends were $40.The company sold equipment for $19 that was originally purchased for $6 and that had accumulated depreciation of $4.The net cash provided by (used in)investing activities for the year was:
A)$19 
B)$140 
C)($159) 
D)($140)

Autry Corporation's Balance Sheet and Income Statement Appear Below