Manning Tint,Inc

question 44

Multiple Choice

Manning Tint,Inc.uses the indirect method to prepare its statement of cash flows.Refer to the following portion of the comparative balance sheet:

Additional information provided by the company includes the following:
1.Equipment was purchased for $68,000.
2.Equipment with a cost of $36,000 and accumulated depreciation of $7,400 was sold for $50,000.
What was the amount of net cash provided by (used for) investing activities?

• A)$177,000
• B)$18,000
• C)$(177,000)
• D)$(18,000)

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Definitions:

Trabeated System

An architectural system that uses horizontal beams or lintels, which are supported by posts or columns, chiefly used in ancient Greek and Roman architecture.

Arcuated System

An architectural system that uses arches, vaults, and domes to span spaces, characteristic of Roman and Gothic architecture.

Bracketing System

A structural support system in architecture that employs brackets or braces to bear loads, commonly used in traditional and classical buildings.

Timber-Framing System

A construction method using heavy timber framed structures joined by various types of joints, including mortise and tenon, commonly used in buildings prior to the 19th century.