Harkey Corporation's balance sheet and income statement appear below: Cash dividends were $29.The company sold equipment for $15 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 $29.The company sold equipment for $15 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.

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 $29.The company sold equipment for $15 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