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Question 69

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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. -Total cash proceeds received by Johnson from sales of plant assets during the current year amounted to: A) $ 13,000. B) $ 104,000. C) $195,000. D) $ 41,000. 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.
-Total cash proceeds received by Johnson from sales of plant assets during the current year amounted to:


A) $ 13,000.
B) $ 104,000.
C) $195,000.
D) $ 41,000.

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