Multiple Choice
[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.
Correct Answer:

Verified
Correct Answer:
Verified
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