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) operating activities for the year was:
A) $60
B) $95
C) $94
D) $85

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) operating activities for the year was:
A) $60 
B) $95 
C) $94 
D) $85

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) operating activities for the year was:
A) $60 
B) $95 
C) $94 
D) $85

Salsedo Corporation's Balance Sheet and Income Statement Appear Below