Multiple Choice
[The following information applies to the questions displayed below.]
An analysis of changes in selected balance sheet accounts of Hierarchy Corporation shows the following for the current year:
Hierarchy's income statement for the current year includes a $9,600 gain 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 Hierarchy to acquire plant assets during the current year was:
A) $252,000.
B) $504,000.
C) $724,000.
D) $768,000.
Correct Answer:

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Correct Answer:
Verified
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