[The following information applies to the questions displayed below.]
An analysis of changes in selected balance sheet accounts of Johnson Corporation shows the following for the current year:
Johnson's income statement for the current year includes a $14,000 loss on disposal of plant assets.All payments and proceeds relating to purchase or sale of plant assets were in cash.
-The amount of cash paid by Johnson to acquire plant assets during the current year was:
A)$ 53,000.
B)$267,000.
C)$ 42,000.
D)$160,000.

Question

[The following information applies to the questions displayed below.]
An analysis of changes in selected balance sheet accounts of Johnson Corporation shows the following for the current year:
  Johnson's income statement for the current year includes a $14,000 loss on disposal of plant assets.All payments and proceeds relating to purchase or sale of plant assets were in cash.
-The amount of cash paid by Johnson to acquire plant assets during the current year was:
A)$ 53,000. 
B)$267,000. 
C)$ 42,000. 
D)$160,000.

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The Answer of [The following information applies to the questions displayed below.]
An analysis of changes in selected balance sheet accounts of Johnson Corporation shows the following for the current year:
  Johnson's income statement for the current year includes a $14,000 loss on disposal of plant assets.All payments and proceeds relating to purchase or sale of plant assets were in cash.
-The amount of cash paid by Johnson to acquire plant assets during the current year was:
A)$ 53,000. 
B)$267,000. 
C)$ 42,000. 
D)$160,000.

[The Following Information Applies to the Questions Displayed Below