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