Autry Corporation's balance sheet and income statement appear below: Cash dividends were $13. The company sold equipment for $23 that was originally purchased for $13 and that had accumulated depreciation of $5. The net cash provided by (used in) investing activities for the year was:
A) $37
B) $23
C) $(37)
D) $(60)

Question

Autry Corporation's balance sheet and income statement appear below:  Cash dividends were $13. The company sold equipment for $23 that was originally purchased for $13 and that had accumulated depreciation of $5. The net cash provided by (used in) investing activities for the year was:
A) $37 
B) $23 
C) $(37) 
D) $(60)

Quizplus · Accepted Answer

The Answer of Autry Corporation's balance sheet and income statement appear below:  Cash dividends were $13. The company sold equipment for $23 that was originally purchased for $13 and that had accumulated depreciation of $5. The net cash provided by (used in) investing activities for the year was:
A) $37 
B) $23 
C) $(37) 
D) $(60)

Autry Corporation's Balance Sheet and Income Statement Appear Below