Cash dividends were $33. The company sold equipment for $63 that was originally purchased for $33 and that had accumulated depreciation of $7. The net cash provided by (used in) investing activities for the year was Multiple Choice $117 $63 S(180)

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 2.15E
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Cash dividends were $33. The company sold equipment for $63 that was originally purchased for $33 and that had accumulated depreciation of $7. The net cash provided by (used in)
investing activities for the year was:
Multiple Choice
O
O
O
$117
$63
$(180)
$(117)
Transcribed Image Text:Cash dividends were $33. The company sold equipment for $63 that was originally purchased for $33 and that had accumulated depreciation of $7. The net cash provided by (used in) investing activities for the year was: Multiple Choice O O O $117 $63 $(180) $(117)
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