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Assume a company sold a piece of equipment that had an original cost of $500,000 and accumulated depreciation of $300,000. The cash proceeds from the
Assume a company sold a piece of equipment that had an original cost of $500,000 and accumulated depreciation of $300,000. The cash proceeds from the sale were $221,000. The gain on the sale was $21,000. In addition, the beginning and ending balances in the company's Property, Plant, and Equipment account were $4,700,000 and $4,600,000, respectively. Based solely on the information provided, the company's net cash provided by (used in) investing activities would be: Multiple Choice O $(179,000). $(200,000). O $(121,000). O $(158,000). Assume a company had net income of $71,000. It provided the following excerpts from its balance sheet: This Year Last Year $41,000 $57,000 $46,000 $53,000 Current assets: Accounts receivable Inventory Current liabilities: Accounts payable Income taxes payable $ 42,000 $14,000 $49,000 $14,000 If the company recorded a $6,000 loss on the sale of a noncurrent asset and its depreciation charges for the period were $21,000, then based solely on the information provided, the net cash provided by operating activities would be
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