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[The following information applies to the questions displayed below.] Comparatlve financlal statements for Weaver Company follow: During this year. Weaver sold some equipment for $19
[The following information applies to the questions displayed below.] Comparatlve financlal statements for Weaver Company follow: During this year. Weaver sold some equipment for $19 that had cost $31 and on which there was a depreclation of $10. In addition, the company sold long-term Investments for $12 that had cost $6 years ago. Weaver pald a cash dlvidend this year and the company repurchased $39 of Its own stc did not retire any bonds. Required: 1. Using the Indirect method, determine the net cash provided by/used In operating activitles for this yeat and cash outflows as negative amounts.)
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