Multiple Choice
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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.
-Based solely on the data provided above,Johnson's net cash flow from investing activities for the current year is:
A) $160,000 net cash used by investing activities.
B) $147,000 net cash used by investing activities.
C) $13,000 net cash provided by investing activities.
D) $91,000 net cash used by investing activities.
Correct Answer:

Verified
Correct Answer:
Verified
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