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Question 45

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[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:
[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. 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.

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