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) operating activities for the year was:
A) $187
B) $231
C) $257
D) $201

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) operating activities for the year was:
A) $187 
B) $231 
C) $257 
D) $201

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) operating activities for the year was:
A) $187 
B) $231 
C) $257 
D) $201

Kilduff Corporation's Balance Sheet and Income Statement Appear Below