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The following information pertains to Ohio Company: Net income. 10,800 Depreciation expense. 35,300 54,000 Increase in accounts payable.... $ 12,500 Acquisition of equipment 2,400 Sale
The following information pertains to Ohio Company: Net income. 10,800 Depreciation expense. 35,300 54,000 Increase in accounts payable.... $ 12,500 Acquisition of equipment 2,400 Sale of treasury shares 9,700 Payment of long-term debt. Payment of dividends.. 4,100 Increase in accounts receivable 16,100 6,300 Proceeds from sale of land 42,900 Collection of long-term notes receivable .... Loss on sale of land.. 15,800 Decrease in inventories 3,300 Net cash provided by (used for) financing activities would be O A. $14,400 B. $(18,500). C. $2,400. O D. (14,400)
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