Gasco Corporation's balance sheet and income statement appear below: Cash dividends were $54. The company sold equipment for $14 that was originally purchased for $8 and that had accumulated depreciation of $1. It did not issue any bonds payable or repurchase any of its own common stock.
-The net cash provided by (used in)investing activities for the year was:
A)$(137)
B)$(151)
C)$14
D)$137

Question

Gasco Corporation's balance sheet and income statement appear below:   Cash dividends were $54. The company sold equipment for $14 that was originally purchased for $8 and that had accumulated depreciation of $1. It did not issue any bonds payable or repurchase any of its own common stock.
-The net cash provided by (used in)investing activities for the year was:
A)$(137) 
B)$(151) 
C)$14 
D)$137

Quizplus · Accepted Answer

Investing activities:
 11eaa48f_7afe_358c_9e4a_a304723ca2ba_TB2485_00

Gasco Corporation's Balance Sheet and Income Statement Appear Below