[The Following Information Applies to the Questions Displayed Below

question 30

Multiple Choice

[The following information applies to the questions displayed below.]
An analysis of changes in selected balance sheet accounts of Johnson Corporation shows the following for the current year:
Johnson's income statement for the current year includes a $14,000 loss on disposal of plant assets.All payments and proceeds relating to purchase or sale of plant assets were in cash.
-Based solely on the data provided above,Johnson's net cash flow from investing activities for the current year is:

• A)$160,000 net cash used by investing activities.
• B)$147,000 net cash used by investing activities.
• C)$13,000 net cash provided by investing activities.
• D)$91,000 net cash used by investing activities.

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Definitions:

Dementia

is a broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting daily functioning.

Senility

A derogatory term once used to describe the deterioration of cognitive abilities associated with old age, now more respectfully referred to as dementia or age-related cognitive decline.

Dementia

A broad category of brain diseases that cause a long-term and often gradual decrease in the ability to think and remember, affecting daily functioning.

Senescence

The process of aging where the body gradually deteriorates over time.