An analysis of changes in selected statement of financial position accounts of Johnson Company shows the following for the current year:
Johnson 's income statement for the current year includes a $14,000 loss on disposal of property, plant, and equipment. All payments and proceeds relating to purchase or sale of property, plant, and equipment were in cash.
-Based solely on the data provided above, Johnson's net cash from investing activities for the current year is:
A) $160,000 net cash used in investing activities.
B) $147,000 net cash used in investing activities.
C) $13,000 net cash from investing activities.
D) $91,000 net cash used in investing activities.
Correct Answer:
Verified
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