Company A had the following account balances on its balance sheets at December 31, 2016 and...
Company A had the following account balances on its balance sheets at December 31, 2016 and 2015, respectively:
12/31/16 12/31/15
Fixed Assets $80,000 $67,000
Accumulated Depreciation 44,000 39,000
Depreciation expense for 2016 was $7,000. There were no gains or losses on the 2016 income statement. One fixed asset with an original cost of $8,000 was sold during 2016. What would be the net cash flow from investing activities for Company A in 2016?
a. ($2,000)
b. ($8,000)
c. ($13,000)
d. ($15,000)
e. ($21,000)
Please help to show the workings for better understanding.
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