Baldock Corporation's balance sheet and income statement appear below: Cash dividends were $23.The company sold equipment for $14 that was originally purchased for $10 and that had accumulated depreciation of $10.The net cash provided by (used in)operating activities for the year was:
A)$153
B)$162
C)$107
D)$139

Question

Baldock Corporation's balance sheet and income statement appear below:   Cash dividends were $23.The company sold equipment for $14 that was originally purchased for $10 and that had accumulated depreciation of $10.The net cash provided by (used in)operating activities for the year was:
A)$153 
B)$162 
C)$107 
D)$139

Quizplus · Accepted Answer

The Answer is D

Baldock Corporation's Balance Sheet and Income Statement Appear Below