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Colley Corporation's Balance Sheet and Income Statement Appear Below

Question 9

Multiple Choice

Colley Corporation's balance sheet and income statement appear below: Colley Corporation's balance sheet and income statement appear below: Cash dividends were $26. The company sold equipment for $15 that was originally purchased for $6 and that had accumulated depreciation of $2. The net cash provided by (used by) operations for the year was: A) $120 B) $124 C) $135 D) $150
Colley Corporation's balance sheet and income statement appear below: Cash dividends were $26. The company sold equipment for $15 that was originally purchased for $6 and that had accumulated depreciation of $2. The net cash provided by (used by) operations for the year was: A) $120 B) $124 C) $135 D) $150
Cash dividends were $26. The company sold equipment for $15 that was originally purchased for $6 and that had accumulated depreciation of $2. The net cash provided by (used by) operations for the year was:


A) $120
B) $124
C) $135
D) $150

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