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

Cash dividends were $22. The company sold equipment for $14 that was originally purchased for $6 and that had accumulated depreciation of $4. The net cash provided by (used by) financing activities for the year was:
A) ($21)
B) ($22)
C) $5
D) ($38)

Question

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

Cash dividends were $22. The company sold equipment for $14 that was originally purchased for $6 and that had accumulated depreciation of $4. The net cash provided by (used by) financing activities for the year was:
A) ($21) 
B) ($22) 
C) $5 
D) ($38)

Quizplus · Accepted Answer

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

Cash dividends were $22. The company sold equipment for $14 that was originally purchased for $6 and that had accumulated depreciation of $4. The net cash provided by (used by) financing activities for the year was:
A) ($21) 
B) ($22) 
C) $5 
D) ($38)

Demagistris Corporation's Balance Sheet and Income Statement Appear Below