During the current year,ABC Corporation did not purchase any property,plant and equipment,but sold land with a book value of $6,000 for $12,000 cash and sold a delivery truck with a cost of $18,000,depreciation of $16,000,and an appraised value of $5,000 for $4,000.What is ABC's net cash flows provided by investing activities for the year?
A) $8,000
B) $11,000
C) $16,000
D) $24,000

Question

Quizplus · Accepted Answer

The Answer of During the current year,ABC Corporation did not purchase any property,plant and equipment,but sold land with a book value of $6,000 for $12,000 cash and sold a delivery truck with a cost of $18,000,depreciation of $16,000,and an appraised value of $5,000 for $4,000.What is ABC's net cash flows provided by investing activities for the year?
A) $8,000
B) $11,000
C) $16,000
D) $24,000

During the Current Year,ABC Corporation Did Not Purchase Any Property,plant