Harkey Corporation's balance sheet and income statement appear below:
Cash dividends were $156. The company sold equipment for $16 that was originally purchased for $6 and that had accumulated depreciation of $2.Required:Using the direct method, determine the net cash provided by (used in) operating activities.

Question

Harkey Corporation's balance sheet and income statement appear below:
  Cash dividends were $156. The company sold equipment for $16 that was originally purchased for $6 and that had accumulated depreciation of $2.Required:Using the direct method, determine the net cash provided by (used in) operating activities.

Quizplus · Accepted Answer

The Answer of Harkey Corporation's balance sheet and income statement appear below:
  Cash dividends were $156. The company sold equipment for $16 that was originally purchased for $6 and that had accumulated depreciation of $2.Required:Using the direct method, determine the net cash provided by (used in) operating activities.

Harkey Corporation's Balance Sheet and Income Statement Appear Below