Degeare Corporation's balance sheet and income statement appear below: Cash dividends were $10. The company sold equipment for $18 that was originally purchased for $10 and that had accumulated depreciation of $5. The net cash provided by (used in) operating activities for the year was:
A)$73
B)$76
C)$43
D)$63

Question

Degeare Corporation's balance sheet and income statement appear below:   Cash dividends were $10. The company sold equipment for $18 that was originally purchased for $10 and that had accumulated depreciation of $5. The net cash provided by (used in) operating activities for the year was:
A)$73 
B)$76 
C)$43 
D)$63

Quizplus · Accepted Answer

The Answer of Degeare Corporation's balance sheet and income statement appear below:   Cash dividends were $10. The company sold equipment for $18 that was originally purchased for $10 and that had accumulated depreciation of $5. The net cash provided by (used in) operating activities for the year was:
A)$73 
B)$76 
C)$43 
D)$63

Degeare Corporation's Balance Sheet and Income Statement Appear Below