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 $1. It did not issue any bonds payable or repurchase any of its own common stock.
-The net cash provided by (used in)financing activities for the year was:
A)$(54)
B)$2
C)$(72)
D)$(20)

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 $1. It did not issue any bonds payable or repurchase any of its own common stock.
-The net cash provided by (used in)financing activities for the year was:
A)$(54) 
B)$2 
C)$(72) 
D)$(20)

Quizplus · Accepted Answer

Financing activities:
 11eaa48f_7afe_5c9d_9e4a_899faf13a48e_TB2485_00

Gasco Corporation's Balance Sheet and Income Statement Appear Below