HW-15-2

Required information [The following information applies to the questions displayed below] Comparative financial statements for Weaver Company follow: During this year, Weaver sold some equipment for $18 that had cost $31 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend and repurchased $40 of its own stock but did not retire any bonds. Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. Note: Cash outflows and amounts to be deducted should be indicated with o minus sign