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)investing activities for the year was:
A) $(81)
B) $(66)
C) $66
D) $15

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)investing activities for the year was:
A) $(81) 
B) $(66) 
C) $66 
D) $15

Quizplus · Accepted Answer

11ea7761_159c_7734_81a5_7f5fc51a863e_TB2580_00

Salsedo Corporation's Balance Sheet and Income Statement Appear Below