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Salsedo Corporation's Balance Sheet and Income Statement Appear Below

Question 117

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) financing activities for the year was: A) ($9)  B) ($15)  C) ($21)  D) $3 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) financing activities for the year was: A) ($9)  B) ($15)  C) ($21)  D) $3 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) financing activities for the year was:


A) ($9)
B) ($15)
C) ($21)
D) $3

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