In 2019, BayKing Company Sold Used Equipment for $20,000

question 8

Multiple Choice

In 2019, BayKing Company sold used equipment for $20,000. 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 $5,000. 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) $25,000
• B) $20,000
• C) $5,000
• D) $15,000

---

Definitions:

John Kotter

A professor and change management expert known for his 8-step process for leading change within an organization.

Eight-Step Model

A systematic process or framework used to address complex problems or implement changes in an organization effectively.

HRM

Human Resource Management, the strategic approach to managing employment relations which includes hiring, administration, and developing policies for working people.

Organizational Change

The process through which a company undergoes a transformation in its business processes, organizational structures, or cultural changes.