Qz-Ch-15-6

Required informotion The following information applies to the questions displayed below) Comparative financial statements for Weaver Company follow. During this year, Weaver sold some equipment for $20 that had cost $40 and on which there was accumutated depreciation of $16. In addition, the company sold long-term investments for $10 that had cost $3 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 indicoted with o minus sign