During the Current Year, ABC Corporation Did Not Purchase Any

question 94

Multiple Choice

During the current year, ABC Corporation did not purchase any property, plant and equipment, but sold land with a book value of $6,000 for $12,000 cash and sold a delivery truck with a cost of $18,000, depreciation of $16,000, and an appraised value of $5,000 for $4,000.What is ABC's net cash flows provided by investing activities for the year?

• A)$8,000
• B)$11,000
• C)$16,000
• D)$24,000

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