Ebner Corporation's balance sheet and income statement appear below:

Cash dividends were $37. The company sold equipment for $18 that was originally purchased for $10 and that had accumulated depreciation of $9. The net cash provided by (used by) investing activities for the year was:
A) $126
B) $18
C) ($144)
D) ($126)

Question

Ebner Corporation's balance sheet and income statement appear below:

Cash dividends were $37. The company sold equipment for $18 that was originally purchased for $10 and that had accumulated depreciation of $9. The net cash provided by (used by) investing activities for the year was:
A) $126 
B) $18 
C) ($144) 
D) ($126)

Quizplus · Accepted Answer

The Answer of Ebner Corporation's balance sheet and income statement appear below:

Cash dividends were $37. The company sold equipment for $18 that was originally purchased for $10 and that had accumulated depreciation of $9. The net cash provided by (used by) investing activities for the year was:
A) $126 
B) $18 
C) ($144) 
D) ($126)

Ebner Corporation's Balance Sheet and Income Statement Appear Below