Kilduff Corporation's balance sheet and income statement appear below: The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5. The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in) financing activities for the year was:
A)($44)
B)($71)
C)$2
D)($29)

Question

Kilduff Corporation's balance sheet and income statement appear below:   The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5. The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in) financing activities for the year was:
A)($44) 
B)($71) 
C)$2 
D)($29)

Quizplus · Accepted Answer

The Answer of Kilduff Corporation's balance sheet and income statement appear below:   The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5. The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in) financing activities for the year was:
A)($44) 
B)($71) 
C)$2 
D)($29)

Kilduff Corporation's Balance Sheet and Income Statement Appear Below