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Manning Tint,Inc Additional Information Provided by the Company Includes the Following:
1

question 84

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Manning Tint,Inc.uses the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet:  Manning Tint, Inc. Comparative Balance Sheet December 31,2017 and 201620172016 Increase/(Decrease)   Cash $28,000$25,000$3,000 Accounts Receivable 32,00038,000(6,000 Merchandise Inventory 55,00025,00030,000 Plant and Equipment 126,00093,00033,000 Accumulated Depreciation-Plant  and Equipment 44,000(45,000(81,000)  Total Assets $197,000$136,000$141,000\begin{array}{c}\text { Manning Tint, Inc.}\\\text { Comparative Balance Sheet}\\\text { December 31,2017 and 2016}\\\begin{array}{|l|r|r|r|}\hline& 2017 & 2016 & \text { Increase/(Decrease) } \\ \hline \text { Cash } & \$ 28,000 & \$ 25,000 & \$ 3,000 \\\hline \text { Accounts Receivable } & 32,000 & 38,000 & (6,000 \\\hline \text { Merchandise Inventory } & 55,000 & 25,000 & 30,000 \\\hline \text { Plant and Equipment } & 126,000 & 93,000 & 33,000 \\\hline \text { Accumulated Depreciation-Plant } & & & \\\text { and Equipment } & \underline{44,000} & \underline{(45,000} & \underline{(81,000) } \\\hline \text { Total Assets } & \$ 197,000 & \$ 136,000 & \$ 141,000 \\\hline\end{array}\end{array} Additional information provided by the company includes the following:
1.Equipment was purchased for $66,000.
2.Equipment with a cost of $37,000 and accumulated depreciation of 7,200 was sold for $49,000.
What was the amount of net cash provided by (used for) investing activities?

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Derived Class

This is another term for derived classes, implying a class that inherits properties and behavior from a base class.

Instanceof Operator

An operator used in programming to test if an object is an instance of a specific class or interface, returning true or false.

Instance Variable

A variable defined in a class for which each instantiated object of the class has its own separate copy or instance.

Private

A modifier in object-oriented programming that restricts access to methods and variables to the class in which they are declared.

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