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Harkey Corporation's Balance Sheet and Income Statement Appear Below

Question 53

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Harkey Corporation's balance sheet and income statement appear below:
Harkey Corporation's balance sheet and income statement appear below: Cash dividends were $156. The company sold equipment for $16 that was originally purchased for $6 and that had accumulated depreciation of $2.Required:Using the direct method, determine the net cash provided by (used in) operating activities. Cash dividends were $156. The company sold equipment for $16 that was originally purchased for $6 and that had accumulated depreciation of $2.Required:Using the direct method, determine the net cash provided by (used in) operating activities.

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