Question
In 2019, BayKing Company sold used equipment for $18,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of
In 2019, BayKing Company sold used equipment for $18,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000. Bayking also purchased held-to-maturity securities for $6,000. Net income for the year was $74,000. There were no other transactions conducted during the period. What are the net investing cash flows for BayKing?
A. $12,000
B. $6,000
C. $18,000
D. $24,000
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Management Systems Auditing A Practitioners Guide To Quality And Management Systems Audit
Authors: Dr Warren Doudle
1st Edition
B0C6W3G4W4, 979-8397130271
