Dooling Corporation's balance sheet and income statement appear below: Cash dividends were $14.The company sold equipment for $15 that was originally purchased for $11 and that had accumulated depreciation of $3.The net cash provided by (used in)investing activities for the year was:
A)$(83)
B)$68
C)$15
D)$(68)

Question

Dooling Corporation's balance sheet and income statement appear below:   Cash dividends were $14.The company sold equipment for $15 that was originally purchased for $11 and that had accumulated depreciation of $3.The net cash provided by (used in)investing activities for the year was:
A)$(83) 
B)$68 
C)$15 
D)$(68)

Quizplus · Accepted Answer

Investing activities:
 11eaa48f_7af7_f3d2_9e4a_d72e685e50c9_TB2485_00

Dooling Corporation's Balance Sheet and Income Statement Appear Below