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

11ea7761_1593_9d57_81a5_ad48b52ec49b_TB2580_00

Autry Corporation's Balance Sheet and Income Statement Appear Below