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) operating activities for the year was:
A)$60
B)$95
C)$94
D)$85

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) operating activities for the year was:
A)$60 
B)$95 
C)$94 
D)$85

Quizplus · Accepted Answer

The Answer of 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) operating activities for the year was:
A)$60 
B)$95 
C)$94 
D)$85

Salsedo Corporation's Balance Sheet and Income Statement Appear Below