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Salsedo Corporation's Balance Sheet and Income Statement Appear Below

Question 194

Multiple Choice

Salsedo Corporation's balance sheet and income statement appear below: Salsedo Corporation's balance sheet and income statement appear below:   Cash dividends were $9. The company sold equipment for $15 that was originally purchased for $10 and that had accumulated depreciation of $5. It did not issue any bonds payable or repurchase any of its own common stock.The net cash provided by (used in)  investing activities for the year was: A)  $(81)  B)  $(66)  C)  $66 D)  $15 Cash dividends were $9. The company sold equipment for $15 that was originally purchased for $10 and that had accumulated depreciation of $5. It did not issue any bonds payable or repurchase any of its own common stock.The net cash provided by (used in) investing activities for the year was:


A) $(81)
B) $(66)
C) $66
D) $15

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