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[The following Information applles to the questions displayed below.] Comparatlve financlal statements for Weaver Company follow: During this year, Weaver sold some equipment for $18
[The following Information applles to the questions displayed below.] Comparatlve financlal statements for Weaver Company follow: During this year, Weaver sold some equipment for $18 that had cost $30 and on which there was accumulated depreclation of $10. In addition, the company sold long-term Investments for $12 that had cost $7 when purchased several years ago. Weaver pald a cash dividend this year and the company repurchased $38 of its own stock. This year Weaver did not retire any bonds. Requlred: 1. Using the indirect method, determine the net cash provided by/used In operating actlvitles for this year. (List any deductlon In cash and cash outflows as negatlve amounts.)
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