Burgett Corporation's balance sheet and income statement appear below: Cash dividends were $41. The company sold equipment for $15 that was originally purchased for $4 and that had accumulated depreciation of $4.
-The net cash provided by (used by) investing activities for the year was:
A) ($132)
B) ($117)
C) $117
D) $15

Question

Burgett Corporation's balance sheet and income statement appear below:   Cash dividends were $41. The company sold equipment for $15 that was originally purchased for $4 and that had accumulated depreciation of $4.
-The net cash provided by (used by) investing activities for the year was:
A) ($132) 
B) ($117) 
C) $117 
D) $15

Quizplus · Accepted Answer

The Answer of Burgett Corporation's balance sheet and income statement appear below:   Cash dividends were $41. The company sold equipment for $15 that was originally purchased for $4 and that had accumulated depreciation of $4.
-The net cash provided by (used by) investing activities for the year was:
A) ($132) 
B) ($117) 
C) $117 
D) $15

Burgett Corporation's Balance Sheet and Income Statement Appear Below