Salsedo Corporation's balance sheet and income statement appear below: Cash dividends were $9.The company sold equipment for $15 that was originally purchased for $10 and that had accumulated depreciation of $5.It did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in)financing activities for the year was:
A)($9)
B)($15)
C)($21)
D)$3

Question

Salsedo Corporation's balance sheet and income statement appear below:   Cash dividends were $9.The company sold equipment for $15 that was originally purchased for $10 and that had accumulated depreciation of $5.It did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in)financing activities for the year was:
A)($9) 
B)($15) 
C)($21) 
D)$3

Quizplus · Accepted Answer

The Answer of Salsedo Corporation's balance sheet and income statement appear below:   Cash dividends were $9.The company sold equipment for $15 that was originally purchased for $10 and that had accumulated depreciation of $5.It did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in)financing activities for the year was:
A)($9) 
B)($15) 
C)($21) 
D)$3

Salsedo Corporation's Balance Sheet and Income Statement Appear Below