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)financing activities for the year was:
A) $(9)
B) $(15)
C) $(21)
D) $3

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)financing activities for the year was:
A) $(9) 
B) $(15) 
C) $(21) 
D) $3

Quizplus · Accepted Answer

11ea7761_159c_c555_81a5_ef705c8acb5b_TB2580_00

Salsedo Corporation's Balance Sheet and Income Statement Appear Below