Kilduff Corporation's balance sheet and income statement appear below: The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5.The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in)investing activities for the year was:
A)$19
B)($118)
C)($137)
D)$118

Question

Kilduff Corporation's balance sheet and income statement appear below:   The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5.The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in)investing activities for the year was:
A)$19 
B)($118) 
C)($137) 
D)$118

Quizplus · Accepted Answer

The Answer of Kilduff Corporation's balance sheet and income statement appear below:   The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5.The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in)investing activities for the year was:
A)$19 
B)($118) 
C)($137) 
D)$118

Kilduff Corporation's Balance Sheet and Income Statement Appear Below